Which of the following louisiana species was not identified as endangered during the 1970s?

crested gecko

alligator

brown bear

black bear

which of the following is not one of the questions answered by economic systems?

who will lead the economic system?

how will goods be produced?

what goods should be produced?

who will buy the goods and services?

what were louisiana’s first cash crops?

tobacco and wheat

rice and cotton

wheat and corn

cotton and sugarcane

which of the following is not a cause of unemployment?

low supply of jobs

competition from foreign countries

no demand

high supply of products

why is louisiana particularly well qualified for trade with other states and countries?

the people are friendly

there are not many industries in louisiana

traders come for the good food.

its geographic location is ideal for trade.

what kind of resources includes tools, machines, and equipment?

capital resources

productive resources

natural resource

human resources

what incentive do banks give customers to encourage them to save money?

job opportunities

penalties

interest

cash

what is louisiana’s top agricultural product today?

cotton

rice

sugar

soybeans

which economic statement is not usually true?

when demand is high, price is high

when demand is low, price is high

when price is high, supply is high

when price is low, demand is high

what you give up when you chose one thing over another is

a risk

an opportunity cost

a positive incentive

a benefit

Q 1:

The species not identified as endangered during 1970's was Alligator.

The American alligator is the largest reptile in North America. Louisiana’s alligators have never been “endangered” or even “threatened” with extinction in the 1970’s era. Alligator populations in Louisiana increased consistently from 1970 to 1999.

Q 2:

The question not answered by the economic system is

Who will lead the economic system

An economic system is a system of production, resource allocation and distribution of goods and services within a society. All economic systems have three basic questions to ask: what to produce, how to produce and in what quantities and who receives the output of production. The question that who will lead the system is not concerned with economic system.

Q 3:

Louisiana first cash crops were Cotton and Sugarcane

In the early 1700s, cotton cultivated in the state was used mainly for home spinning and weaving. With the invention of cotton gin, cotton became a cash crop in Louisiana. Sugar cane is also the leading farm product in Louisiana. Other important crops are rice, soybeans and corn for grain.

Q 4:

High supply of Products is not the cause of unemployment

Whenever there is a high supply of products in the market, the arrangement and supply demand chain is always increased therefore employment opportunities also increases in the market. Therefore we can say that high supply of products does not produce unemployment.

Q 5:

The correct option is

Its geographic location is ideal for trade.

The geographical location of Louisiana is very moderate and suitable therefore its economy is heavily dependent on its fertile soils and waters. Nowadays t is the U.S.'s largest producer of sweet potatoes, rice, and sugarcane. Louisiana is also well-known for its fishing industry that is dominated by shrimp, menhaden and oysters.

Q 6:

The correct option is Capital Resources

Capital resources are goods produced and used to make other goods and services. Basic categories of capital resources include tools, equipment, buildings, and machinery. Capital resources help improve productivity.  

Q 7:

The correct option is Interest

Some banks offer basic interest rate of 0.3 per cent and adds bonus interest of 1 per cent resulting increase in the money. In addition to it they ask their employees not to withdraw the money for a certain period of time so these constraints actually benefit employees.

Q 8:

Louisiana's top agricultural products is Sugarcane.

Sugarcane is produced on more than 400,000 acres of land in 22 Louisiana parishes – with production of approximately 13 million tons yearly. About 17,000 employees are involved in the production and processing of sugarcane in Louisiana – and the state boasts 11 raw sugar factories.

Q 9:

The correct option is When demand is low, price is high

Whenever a certain number of goods are produced in an area but their demand is considerably low, then the prices tend to fall. The given option is the reverse of it therefore this is not true.

Q 10:

The correct option is Opportunity Cost

Opportunity cost is the profit lost when one alternative is selected over another. The concept is useful simply as a reminder to examine all reasonable alternatives before making a decision.

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