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chapter 3 LA history
8th grade louisiana history chapter 3
| Question | Answer |
|---|---|
| economics is the study of what? | production, ditribution, and consumpion of goods and services. |
| what are the four questions of economics? how much and who will | What is being produced and offered? How will it be produced or ofered? How much should be produced or offerd? Who will buy the product or service> |
| Agency that regulates,or____________,economic activity. | moniters |
| ____________regulates utilities within the state. | commission |
| what are tasks performed for consumers? | servises |
| Employees working for wages are paid by the ________________ | hour |
| what sets the minimum wage to protect workers from low wages? | salaries |
| what are salaries? | a fixed amount of money paid to an empoyee per year no mater how many hours worked. |
| __________is making sure enough resourse are availabe for demand. | geonomist |
| _________________is performing effectivly with the least waste of time, effort, or resouses. | plywood mills |
| what does bartering involve? | trading goods and sevises |
| what is valued for its beauity and are scarce which means holds value. | silver and gold |
| what are 2 ways customers can by goods and servises without using cash? | checks and debit cards |
| a credit card is like what? | line of credit |
| what is interest? | money a consumer must pay to a bank to carry the consumers debt. |
| interest is figuerd more often then once per year | compond interest |
| shaows how much change there has been in the price of certain goods | (CPI) consumer price index |
| a buisness owned by one person | proprietorship |
| a buisness owned by 2 or more people who share the profits and losses | partnership |
| an organized buisness recognized as a legal entity | corporation |
| a tax on foreign or imported goods | tariff |
| the north american free trade agreement -between the united states, canada, and mexico was designed to gradualy remove tarrifs on foreign goods. | trade agreement |
| an economic indicator showing how well the ecomy is doing | (GDP) gross domestic product |
| the state has a wealth of _____________ and minerals like salt oil naturalk gas sulfur gypsum and clay | natual resorses |
| louisianna ia a world leader in what three things? | cotton sugarcane and tobacco |
| _________refinery in baton rouge has the largest capacity of any refinery in the USA | exxon |
| our states second most important industrey | fishing |
| ______________of all of all fish harvisted in the U.S. come in louisiana | 1/3 |
| second large producer of_____________ | sweet potatoes and sugar cane |
| largest manufactures | at&t |
| 5 of the nations 12 busiest seaports are here | ports of south louisana -new orleans-baton rouge- plaquemins-lake charles |
| _______tax is assessed by both the states and fedral goverments based on how much a person makes | income |
| ___________taxis assembled by the contryor parrish bsaed on home and property values | property |
| _____________are things like admission fees to state parks and musiums and fees to crosstoll bridges. | user fees |
Created by:
rachael306
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