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Economics In Michigan

Total questions: 48

Worksheet time: 17mins

Name
Class
Date
1.

All the activities that go into making and buying products and services is called what?

a)

Economics

b)

Social Studies

c)

Liberty

d)

Interdependence

2.
Economy has 2 parts : Producers and Consumers.
a)
True 
b)
False
3.
The three types of resources are...?
a)
Natural, human, mechanical
b)
Natural, money, capital
c)
Natural, human, capital
d)
None are right
4.
Consumers buy and use the products that producers make.
a)
True
b)
False
5.

About 200,000 people in Michigan work in the car industry.

a)

True

b)

False

6.
What Michigan city is know as the cereal capitol of the world?
a)
Traverse City
b)
Grand Rapids
c)
Detroit
d)
Battle Creek
7.

When you have a decision to make, the thing(s) you don't choose are called your opportunity cost.

a)

True

b)

False

8.

What Michigan city is know as the cherry capital of the world?

a)

Battle Creek

b)

Bangor

c)

Kalamazoo

d)

Colon

e)

Traverse City

9.
What Michigan company makes artificial knees, hips, and even a really cool hospital bed?
a)
Kellog's
b)
Nabisco
c)
Nike
d)
Stryker
10.
Salty water, found under ground in Michigan, is called brine.
a)
True
b)
False
11.
Saran Wrap was invented here in Michigan.
a)
True
b)
False
12.
Grand Rapids was once VERY famous for making what?
a)
Cars
b)
Furniture
c)
Airplanes
d)
Mittens
13.
About half of the office furniture made in the United States comes from Michigan.
a)
True
b)
False
14.
Colon, Michigan, is famous for making what type of supplies?
a)
School
b)
Medical
c)
Magical
d)
Sports
15.
What Michigan company makes the most $$$?
a)
Ford
b)
General Motors
c)
Kellog's
d)
Dow Chemical
16.
Something that is sent to another country and sold is called...
a)
Import
b)
Export
c)
Product
d)
Money
17.
A product that people buy, that was made in another country is called...
a)
Import
b)
Export
c)
Product
d)
Money
18.
What country does Michigan export the majority of our products to?
a)
Canada
b)
Mexico
c)
China
d)
Russia
19.
The area in Michigan where the majority of fruits are grown is called the food belt.
a)
True
b)
False...it's the fruit belt
20.
Michigan grows more tart cherries and blueberries than any other state in the United States.
a)
True
b)
False
21.

Of these Michigan tourist attractions, which are also natural resources? (There may be more than one answer. Be careful.)

a)

Sleeping Bear Dunes

b)

Lake Michigan

c)

Tahquamenon Falls

d)

Mackinac Bridge

e)

Gerald R. Ford Museum

22.
What vegetable, grown in Michigan, can sugar come from?
a)
Sugar apple
b)
Sugar carrot
c)
Sugar beet
d)
Sugar cucumber
23.

Peaches are grown in Michigan.

a)

True

b)

False

24.

Michigan is one of the top state producers for apples, celery, and dry beans.

a)

True

b)

False

25.

The dairy business brings Michigan farmers the most money.

a)

True

b)

False

26.

Which one is not a tourist region talked about in the book?

a)

Detroit

b)

Lake Michigan

c)

Mid-State

d)

Northern

27.

Michigan produces a lot of pineapples, lemons, and oranges.

a)

True

b)

False

28.

How much money do tourists bring into Michigan each year?

a)

$18,000 = 18 thousand

b)

$180,000 = 180 thousand

c)

$18,000,000 = 18 million

d)

$18,000,000,000 = 18 billion

29.

Services are jobs that people do for you like dentists, cleaning services, car mechanics...

a)

True

b)

False

30.
What tourist region is Dearborn in?
a)
Detroit
b)
Mid State
c)
Northern
d)
Lake Michigan
31.
What city has the Gerald R. Ford Presidential Museum?
a)
Detroit
b)
Lansing
c)
Grand River
d)
Grand Rapids
32.
The Air Zoo is located in what city?
a)
Kalamazoo
b)
Grand Rapids
c)
Detroit
d)
Dearborn
33.

What tourist region is Grand Rapids part of?

a)

Mid-State

b)

Northern

c)

Detroit

d)

Lake Michigan

34.
What do we call the part of Michigan that has a lot of high technology jobs?
a)
High Tech Street
b)
Technology Belt
c)
Automation Alley
d)
Internet Corner
35.

Sault Ste. Marie, where the Soo Locks are found, is found in what tourist region?

a)

Mid-State

b)

Detroit

c)

Northern

d)

Lansing

36.
How much there is of something is called what?
a)
Supply
b)
Demand
c)
Wants
d)
Need
37.
How much people want something is called what?
a)
Supply
b)
Demand
c)
Wants
d)
Need
38.
If supply is high, and demand is low, what will the price of something be?
a)
High
b)
Low
39.
If demand for something is high, and the supply of it is low, what will its price be?
a)
High
b)
Low
40.
A ______________ is a reward for doing a certain action in business.
a)
Prize
b)
Incentive
c)
Tax
d)
Loan
41.

Which one is not a tourist spot found in Michigan?

a)

Detroit

b)

Chicago

c)

Lansing

d)

Muskegon

e)

Frankenmuth

42.

Think about building a new shed/barn for your backyard. Which one of these resources would be a capital resource?

a)

Carpenter

b)

Hammer

c)

Wood

d)

Sand/gravel

43.

Think about building a new house. Which of the following would be part of the human resources? (There may be more than one answer. Be careful.)

a)

Electricians

b)

Plumbers

c)

Carpenters

d)

Shovel

e)

Water

44.
Tax breaks and loans may be given to new businesses by the government as an incentive
a)
True
b)
False
45.

Which one of these was not a major job that Michigan had in its history.

a)

logging

b)

copper mining

c)

fur trade

d)

scuba diving

46.

___________________ is people depending on each other to supply what they each need

a)

Scarcity

b)

Specialization

c)

Interdependence

d)

Opportunity Cost

47.

_________________ is where a person or group of people focus on one job, and get really good at it.

a)

Opportunity Cost

b)

Scarcity

c)

Interdependence

d)

Specialization

48.

When you walk out of a store like Meijer, and your cart is full of groceries, are those groceries considered goods or services?

a)

Goods

b)

Services

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