Ohio Resources and Economy

What is a natural resource?

• a job

• people that work in manufacturing

• anything found in nature that people use

• businesses found all around Ohio

___________ is an example of a nonrenewable resource.

• coal

• trees

• soil

• animals

Which of these is NOT a major industry in Ohio

• Agriculture

• Fishing

• Manufacturing

• Services

Which word means about the same as manufacturing?

• Growing

• Making

• Serving

• Harvesting

Ohio is a good place for agriculture because

• it has fertile soil

• it has a long growing season

• it has a good amount of rainfall and irrigation

• all of the above

Cows, pigs, and chickens are examples of _____________.

• livestock

• food processing

• imports

• irrigation

Which of these best explains the word economy?

• The way a country uses and makes resources, goods, and services

• The history and tradition shared by a group of people

• The factories that people work in

• The rules and laws that apply to businesses

What is an entrepreneur?

• a person who starts a new business

• a person that works in manufacturing

• an person who sets a budget

• a banker who collects interest

If many of the same type of products are made, companies will have to lower the selling price or find a way to bring customers in. This is known as_______________________.

• Imports and Exports

• Competition

• Free Enterprise System

• Manufacturing

Prices are usually higher when

• Supply is low

• Demand is low

• The weather is good

• Supply is high