WI Forward - Wisconsin Forward Social Studies: Geography/Economics Questions and Answers 2

Question 1

What is the difference between renewable and nonrenewable resources?

Accepted Answer

Renewable can be replenished naturally; nonrenewable cannot in a human lifetime

Answer

Renewable are more expensive

Answer

Nonrenewable are only in oceans

Answer

Renewable are only in developing countries

Question 2

What is the law of supply and demand?

Accepted Answer

When demand increases and supply stays the same, prices rise

Answer

Prices are set by government

Answer

Supply and demand have no relationship to price

Answer

Higher supply means higher prices

Question 3

Which map type best shows mountain ranges and river systems?

Accepted Answer

Physical map

Answer

Political map

Answer

Road map

Answer

Population density map

Question 4

What is opportunity cost?

Accepted Answer

The value of the next best alternative given up when making a choice

Answer

Total cost of all purchases

Answer

The most expensive option's price

Answer

The cost of starting a business

Question 5

How do latitude lines run on a globe?

Accepted Answer

East to west (horizontally)

Answer

North to south

Answer

Diagonally

Answer

In circles pole to pole

Question 6

What role does Wisconsin's dairy industry play in the state's economy?

Accepted Answer

One of the largest sectors, making Wisconsin a leading dairy producer

Answer

No significant impact

Answer

Only serves local markets

Answer

Was important but no longer exists