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Unit 5- Louisiana's Future

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Define the term "erosion".

a)

The destruction of a coastline

b)

The collapse of rocks and dirt

c)

The gradual wearing away of land by water and air

d)

The build up of minerals and sand

2.
When the supply of a product or service goes up and the demand stays the same the Price will typically do what? 
a)
rise
b)
fall
c)
stay the same
d)
Consumer
3.
The desire or willingness a consumer has to purchase a good or a service is called?
a)
shortage
b)
supply
c)
price
d)
demand
4.
The amount of goods or services available is called?
a)
supply
b)
demand
c)
producer
d)
consumer
5.
When there is a shortage the price will usually? 
a)
rise
b)
fall
c)
remain the same
d)
equilibrium
6.
In general, if the price of a good or service goes down, what happens to the demand for that good or service?
a)
demand goes up
b)
demand goes down
c)
demand stays the same
d)
none of the above
7.

What is a want?

a)

Something you have to have to survive.

b)

Something you don’t need to survive but would like to have.

c)

Someone who buys something.

8.

What is a need?

a)

Something that you have to have in order to survive.

b)

Something you do not need in order to survive but would like to have.

c)

Someone who buys something.

9.

What is opportunity cost?

a)

the value of the next best option that is not selected when a choice is made.

b)

there is not enough of it.

c)

things people make to earn money.

d)

actions people do to earn money.

10.

Michael has been invited by a friend to go fishing on Friday. His parents are going to a concert. Michael chooses to go fishing with his friend. What is his opportunity cost?

a)

fishing with a friend

b)

going to a concert

11.

What can be built to prevent water from flooding certain areas, but can also cause coastal erosion?

a)

levees

b)

canals

c)

boats

12.

What are canals used for mostly in Louisiana?

a)

boats, drilling rigs, pipelines and other equipment to get through the marsh; to transport water for human use

b)

to move items from one place to the next

c)

entertainment

d)

living on

13.

Which degree would make the most money?

a)

Bachelor Degree from a 4 year college

b)

An associate degree from a 2 year college

c)

A high school diploma

d)

Never graduating

14.

True or False

When more people make more money, it helps our economy improve!

a)

True

b)

False

15.

If the demand of sugar goes up, what happens to the price?

a)

It will decrease.

b)

It will go increase.

c)

Nothing will happen

d)

Consumers make money.