E1-E2 Review

The effect that an event, policy change, or market trend will have on factors such as interest rates, consumer confidence, stock market activity, or unemployment is known as economic impact.

• economic growth

• stock market crash

• profits

• economic impact

A production company is considering filming a movie in Georgia. Which statement would probably be MOST persuasive in convincing the company to film in Georgia?

• Georgia’s rivers provide recreational opportunities for production companies.
• Georgia’s many hotels and restaurants are available to serve production companies.
• Georgia’s state and local governments offer financial incentives to production companies.
• Georgia’s unemployed people are available for temporary work with production companies.

Which is an example of an entrepreneur taking a risk?

• Talia borrows money to create a new line of healthy smoothies.
• Steve goes to business school to learn about supply and demand
• Marty works at his family's business every day after school
• Jackie watches her neighbor's children every other week

Which transportation system would be fastest at shipping a package from Atlanta to London, England?

• Interstate Highway System
• Hartsfield-Jackson International Airport
• Railway
• Deepwater Ports

Joseph Schwieterman was discussing which of the following transportation systems?

• Georgia Deepwater Ports
• Railways
• Interstate Highway Systems
• Hartsfield-Jackson International Airport

Alex wants to start a new restaurant in his neighborhood. He knows that most restaurants fail in their first year of being open. Despite this fact, Alex decides to push ahead with his plan. Which reason best explains why Alex decides to take this risk?

• He would like to help his neighborhood

• He believes he can make a profit with his business

• He would prefer to work for himself

• He believes that his food is better than others

Which of the following are examples of entrepreneurship? Select TWO

• A person invests his or her own money to develop a new kind of dog grooming tool

• A small lumber mill manager decides to expand his or her workforce by hiring more people

• A meat market buys a seafood market in the hopes of being the only seller of fish locally

• A utility company forms a cooperative with other companies to provide better service

• A person who works at someone else’s bakery decides to open his or her own bakery

In May 2016, roughly 357,480 of 4,214,410 Georgians worked in the transportation industry. What conclusion can be drawn from this information about the role of Georgia’s four transportation systems in providing jobs for state residents?

• They provided few jobs to residents of Georgia

• They provided a significant portion of all jobs in Georgia

• They provided well-paying jobs compared to other industries

• They provided stable jobs that remain unchanged year after year

How do Georgia's deepwater ports affect the state's economy? Select THREE

• help Georgia import a large quantity of goods
• help create jobs in Georgia Ports Authority
• help promote job growth in the transportation industry
• help decrease international trade
• help decrease employment in coastal communities

What do you call a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so?

• profit

• entrepreneur

• consumer

• producer