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.
