Economics In Michigan

All the activities that go into making and buying products and services is called what?

• Economics

• Social Studies

• Liberty

• Interdependence

Economy has 2 parts : Producers and Consumers.

• True 
• False

The three types of resources are...?

• Natural, human, mechanical
• Natural, money, capital
• Natural, human, capital
• None are right

Consumers buy and use the products that producers make.

• True
• False

About 200,000 people in Michigan work in the car industry.

• True

• False

What Michigan city is know as the cereal capitol of the world?

• Traverse City
• Grand Rapids
• Detroit
• Battle Creek

When you have a decision to make, the thing(s) you don't choose are called your opportunity cost.

• True

• False

What Michigan city is know as the cherry capital of the world?

• Battle Creek

• Bangor

• Kalamazoo

• Colon

• Traverse City

What Michigan company makes artificial knees, hips, and even a really cool hospital bed?

• Kellog's
• Nabisco
• Nike
• Stryker

Salty water, found under ground in Michigan, is called brine.

• True
• False