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Georgia Economics

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  • Doc. Pemberton invented this formula in the 1880s.
    Root beer
    Pepsi
    Coca-Cola
    Ginger Ale
  • Woven materials are called
    naval stores
    bauxite
    cash crops
    textiles
  • Money the state spends is called...
    carpe diem
    expenditures
    ad valorem
    revenue
  • When our wants and needs are more than our resources.
    <p>surplus</p>
    gimme
    scarcity
    fiscal
  • A mineral used to manufacture aluminum.
    kaolin
    <p>iron</p>
    naval stores
    bauxite
  • England's colonial economic system where colonies provide raw materials to the mother country.
    gold
    bartering
    cash crops
    mercantilism
  • Using your money in order to make more money.
    investing
    income
    interest
    <p>savings</p>
  • A fee for the use of using a bank's money (like a loan).
    income
    investing
    interest
    savings
  • Money that a person keeps from month to month after expenses.
    expenses
    <p>savings</p>
    investing
    income
  • When would be the best time to borrow money?
    when we have lots of money
    interest rates are high
    interest rates are low
    when we have no money
  • #1 cash crop of the early 1800s.
    indigo
    cotton
    rice
    tobacco
  • Farming has declined in Georgia but this is now our state's number one industry.
    Service Industry
    <p>cotton production</p>
    <p>turtles</p>
    grapevines
  • Trading goods and services without money.
    bartering
    cash
    credit
    checks
  • A budgetary spending year that starts on July 1.
    <p>yester year</p>
    calendar year
    <p>happy new year</p>
    fiscal year
  • Which men below are the owners of Home Depot?
    Arthur Blank-Ted Turner
    Arthur Blank-Hank Aaron
    <p>Arthur Blank-Bernie Marcus</p>
    Arthur Blank-Asa Candler
  • When the expenses outnumber the state's revenue.
    <p>surplus</p>
    three
    deficit
    Jimmy Neutron
  • Wood products like turpentine, rosin, tar and pitch are called.
    baseball bats
    textiles
    naval stores
    cash crops
  • Which one below is NOT a service industry?
    <p>car insurance</p>
    textiles
    car repair
    medical care
  • This man made Coca-Cola a multi-billion dollar business.
    Asa Candler
    Robert Woodruff
    Bobby Cox
    John Pemberton
  • When tax collection exceeds the expenses.
    purple
    deficit
    surplus
    chicken
  • The voluntary exchange of goods and services among people and countries.
    bartering
    trade
    mercantilism
    cash crops
  • Buying something now but paying for it later is called...
    interest
    income
    credit
    invest
  • Crops grown for money.
    debit crops
    cash crops
    credit crops
    check crops
  • Which type of investment provides more flexibility?
    <p>certificates of deposit</p>
    IRA investment account
    stocks and bonds
    savings account
  • Business people who meet the needs of consumers.
    <p>merchants</p>
    entrepreneurs
    <p>Fry cook at McDonald's</p>
    <p>door knobs</p>
  • When is the best time to invest money?
    when we see stars
    when we have chicken
    when the price is low
    when the price is high
  • Money that a person earns.
    income
    interest
    expenses
    investing
  • A white clay used for paper manufacturing.
    kaolin
    cash crops
    textiles
    bauxite
  • The incentive for entrepreneurs to take risks and develop goods.
    recognition
    profit
    investment
    debt
  • Why did cotton production decline after World War II?
    <p>boll weevil ate it all</p>
    man made materials were invented
    <p>cotton candy wasn't popular</p>
    cotton swabs had not been invented yet
  • Provides wood products like Dixie Cups, Northern Toilet Paper, etc...
    International Paper
    Georgia-Pacific
    Kimberly Clark
    Meade Paper
  • The money that the state takes in as income is called...
    fiscal year
    mercantilism
    expenditures
    revenue
  • Best way to move large amounts of cargo around the world.
    Railroad
    Deepwater Ports
    Interstate-Highway
    Hartsfield-Jackson
  • This transportation system allows Georgians to travel all over the world.
    railroad
    Deepwater Ports
    Hartsfield-Jackson
    highway system
  • The main airline at the busiest airport in the world.
    &nbsp;PanAm Airlines
    Delta Airlines
    United Airlines
    Southwest Airlines
  • What is the state's biggest source of income?
    lottery
    motor fuel tax
    sales tax
    State income tax
  • What is the largest state expenditure or expense?
    education
    public safety
    human resources
    general government
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