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Economic Understandings
Question | Answer |
---|---|
What is an example of a service industry ? | tourism |
What is the economic base of Georgia and the other southern colonies during the colonial period? | rice, indigo, wheat, and forest products |
What is not an example of a product grown or manufactured in Georgia today? | petroluem |
What invention had the greatest effect on Georgia's economy in the early 1800s ? | cotton gin |
Most of Georgia's revenue comes from what type of tax? | income tax |
Georgia- Pacific does NOT manufacture | pesticides |
What company, founded in Augusta in 1927, is one of the world's leading manufacturers of paper and building products? | Georgia-Pacific |
Taxes on imported goods are known as | tarriffs |
when Georgia trades peanuts to china in exchange for toys, | both countries gain. |
How did the colonies benefit Great Britain economically? | the colonies enabled Great Britain to manufacture goods to sell to other countries |
How does international trade affect Georgia's economy? | it has strengthened the state's economy and provides thousands of jobs |
The world's largest producer of non- alcoholic beverages; founded in Atlanta in 1886 | Coca-Cola Company |
The trade policy of Great Britain during the period of colonization was called? | mercantilism |
Founder of Delta Airlines | C. E. Woolman |
The amount of money an entrepreneur or business makes after paying its expenses. | Profit |
Founders of Home Depot | Arthur Blank and Bernie Marcus |
The world's largest hardware home improvement center and second largest retailer; founded in Atlanta in 1978 | Home Depot |
A tax imposed on persons based on their ownership or possession of property/largest source of revenue at the local government level | Property Taxes |
A tax imposed on most items sold in retail stores; Georgia's second largest source of revenue | Sales Tax |
The world's largest passenger airline; founded in Louisiana in 1928 | Delta Airlines |