Unit 10 Test - Georgia's Economics

1. Which of the following answer choices CORRECTLY demonstrates THREE (3) of Georgia's Four Transportation Systems interacting to support GA's Economy? (hint: you must count the systems)

• A shipping container travels east on Interstate-16 via semi-truck. It's destination is a warehouse in Macon GA. The next day the container leaves via semi-truck and heads east towards Savannah using I-16. A 3pm the container is off-loaded from the truck and placed on a cargo-ship.
• A shipping container is removed from a cargo ship at the Savannah Port and placed on a CSX Railroad Car which transports the container to a distribution center in Douglas Ga. The next day the container contents are unloaded, repackaged, and sent South by Truck using Highway 441.
• A truck uses I-85 to transport a shipping container to the Norfolk-Southern Rail Center in Gainesville GA. The container is placed on a train and travels to Macon. In Macon, the Container is off-loaded and sent by semi-truck to the Walmart distribution center.
• Lawnmowers are manufactured in South Korea, sent by rail to the warehouse, from the warehouse they are shipping by truck using roads to the port of Busan, Korea where they are loaded on a ship and leave Korea bound for England.

2. Which statement regarding GA's transportation systems is correct? (3 are false)

• Hartsfield-Jackson International Airport in Atlanta is directly connected to the GA Ports in both Savannah & Brunswick. Containers are off loaded from the ships and place directly on the airplanes.
• GA's interstates, highways, and rails do not connect GA with other states in America.
• Georgia ports are isolated from the rest of state making ocean shipping almost impossible for Georgia.
• GA's network of rails, roads, ports, and airports allow goods to be transported into the state, out of the state, and within the state.

3. A shipping container full of furniture arrives at the Port of Savannah. It needs to be transported to a distribution center in Atlanta. -- Which of the following would be MOST useful and cost effective at getting the furniture to the warehouse?

• The Interstate Highway System (Semi-Truck)
• The Brunswick Port and Altamaha River (River Barge)
• Savannah International Airport
• CH-47 Chinook Helicopter

4. Georgia's four transportation systems improve both intrastate (inside the state) and interstate trade (between states) AND they...

• account for half of Georgia's taxes budget each year.
• generate electricity for major cities in Georgia.
• create thousands of jobs for the Georgia's citizens.
• provide clean drinking water for rural Georgia.

5. Matt and Jenna are married. They each have jobs that allow them to pay all their bills and are putting money away in savings each month. -- Which type of debt would be the MOST reasonable (A smart debt) for Matt and Jenna to incur?

• using a credit card to pay for a vacation to cancun.
• getting a loan from a bank to buy a new sports car.
• using a credit card to buy the latest personal electronics
• getting a loan from a bank to purchase a home.

6. Billy "The Trash Man" Seymore is searching for a state to build his new factory that will manufacture his new state of the art trash dumpster and trash compactor combo unit aka "The Trash Man 5000." Billy's ONLY uses supplies made in America and only allows his products to be sold in America. Which of the following is the reason The Trash Man chose to build his new factory in Georgia?

• GA's railroad network and Rivers.
• GA's rivers and two deepwater ports.
• deepwater ports and international airport.
• railroad network and Interstate Highway System.

7. Goods that are manufactured in Georgia for sale in other countries are transported to the Ports of Brunswick and Savannah by ...

• railroads and the Interstate Highway System.
• Hartsfield-Jackson International Airport.
• Interstates, rails roads, and Air.
• river transport on steamboats and barges.

8. Natalia, an eighth-grader has five savings goals: 1. College 2. 8th Grade Spring Break Class Trip 3. A Car 4. A present for her mom's birthday in May. 5. A Trip to Paris Which items from the list above represent short-term savings goals for Natalia?

• 1 and 2
• 2 and 3
• 2 and 4
• 1 and 5

9. Roberto, an eighth-grader has five savings goals: 1. College 2. 8th Grade Class Trip in May 3. A Car 4. A last day of school gift for Mr. Bell 5. A Trip to Puerto Rico Which items from the list above represent long-term savings goals for Roberto?

• 1, 2, and 4
• 1, 3, and 4
• 2, 3, and 4
• 1, 3, and 5

10. What is one possible cause of failure faced by entrepreneurs as they develop a product and start a business based on that product?

• the risk that he will make so much money that he will forget all of his poor friends.
• the risk that public interest in the product will be low and people will not buy the product.
• the risk that the product will be so awesome and popular that the business will succeed.
• the risk that the demand for the product will be so high that the entrepreneur will make a great profit.