Economy and Geography Standards

 Which good was mainly produced by Georgia’s prehistoric cultures?

• cotton

• missions

• railroads

• arrowheads

This region has Savannah, a hot climate, two deep-water ports, and Okefenokee Swamp

• Blue Ridge

• Coastal Plain

• Valley and Ridge

• Piedmont

Which of the following is a characteristic of an effective budget?

• Investing more than you save

• Spending less than your income

• Having more expenses than your income

• Never spending any more at all

Georgia is well-prepared for national and international trade because

• goods can easily be shipped by air, rail, sea, or truck.

• there are no state sales taxes on goods sold in the state.

• it is the largest state in the Southeastern United States.

• the General Assembly does not interfere with the economy.

 Entrepreneurs have taken many financial risks to start companies like Coca-Cola, Delta, Georgia Pacific, and Home Depot. In general, why do entrepreneurs take financial risks to start companies?

• They have not been taught the downfalls of taking financial risks.

• By law, only entrepreneurs can start businesses.

• Starting a business is an easy way to avoid paying taxes.

• Profits provide an incentive that outweighs the risk.

A person is MOST likely to use credit when they...

• are saving money for a future goal.

• get a raise in their income.

• need to buy something they don’t have cash for.

• wish to invest in a new company.

What are the two Georgia cities that have deep-water ports?

• Savannah and Brunswick

• Augusta and Albany

• Atlanta and Rome

• Athens and Valdosta

What region of the United States is Georgia in?

• South-East

• North-East

• Mid-West

• South-West

Investing in the stock market is sometimes preferable to a savings account because

• savings accounts are rare and hard to find.

• investments in stocks are guaranteed to make money.

• you can’t get compound interest in savings accounts.

• stocks usually have higher returns than savings accounts.

 What effect did the Civil War have on Georgia’s economy?

• the battles ruined farmland and disrupted trade patterns

• building weapons for soldiers made Georgia’s economy grow

• the fighting over slavery made Georgia’s economy one sided

• during the war, Georgia traded more with northern states