Georgia Economy Review

Where are Georgia's deep-water ports located? (Select 2)

• Atlanta

• Brunswick

• Columbus

• Augusta

• Savannah

What is the main incentive for entrepreneurs to start a business?

• maximize their profit and gain wealth

• risk their limited productive resources

• deny customers their ability to choose

• command the use of limited resources

Which is the largest industry in Georgia that heavily impacts the Coastal Plain?

• Service

• Agriculture

• Entertainment

• Technology

What is the MAIN reason for the growth of the entertainment industry in Georgia's last 10 years?

• Tax incentives for movie production companies

• The marketing of GA as a luxury destination for celebrities

• Cheap cost of living

• Climate ideal for shooting outdoors

Read the scenario and choose the ONE best reason that business may fail:

Steve makes the best apple pie his family has tasted. He is an ELA teacher at a middle school and decides to start a pie business. He isn't sure where to start.

• Lack of capital (materials)

• Lack of consumers (people to buy the pies)

• Too much competition in the region

• Lack of experience in operating a business

Which of these describes the MAIN role of entrepreneurs?

• They run for political office to represent citizens.

• They work as employees for large corporations.

• They serve as volunteers at polling places on election day.

• They create businesses that produce goods and services.

Which transportation system is responsible for exporting and importing large cargo internationally and is connected to Interstate 95 and 16 to help move cargo throughout the nation?

• Railroads

• Deep-Water Ports

• Interstate Highway System

• Hartsfield-Jackson International Airport

AJ works at the movie theatre each week. He opened a checking account to deposit his paycheck and a savings account. He puts 20% of his pay in the savings account for a college fund.

• Responsible Saver

• Irresponsible Saver

Which of the following would be an acceptable use of debt? (Choose all that apply.)

• purchasing a home (mortgage)

• advancing your education

• purchasing a new entertainment system

• planning a long weekend vacation

Which of the following can happen if a person obtains uncontrolled debt? (Choose all that apply.)

• better loan and credit card offers

• stress and other health related issues

• bankruptcy

• better interest rates recieved