LA History Ch. 24 Review

Which of the following is an example of a natural resource?

• Water

• Plastic

• Television

• Car

Why do businesses use resources that are abundant and close?

• It is easier and more efficient

• It is more expensive

• It is more difficult

• It is less important

What do states and countries do when they specialize?

• Produce a limited number of goods and services

• Produce everything possible

• Stop trading

• Close their borders

What do trading partners become when they rely on each other?

• Interdependent

• Independent

• Unfriendly

• Uninterested

Why don’t businesses produce everything consumers want?

• They produce what they do best

• They don’t like consumers

• They don’t know how

• They want to stop trading

What does specialization lead to?

• Trade

• Isolation

• Competition

• Unemployment

What are goods Louisiana buys from other countries called?

• Imports

• Exports

• Products

• Materials

Why do trading partners depend on each other?

• To produce and trade goods and services they do not produce themselves

• To compete with each other

• To avoid taxes

• To make friends

What is the biggest import for Louisiana?

• Crude oil

• Soybeans

• Sugarcane

• Cotton

What does the term "specialization" mean?

• To produce what you can make most efficiently

• To buy goods from another country

• To sell goods to another country

• Relationship where people rely on each other