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