Chapter 17 Review

New Industries for the Future

Tourism is promoted through connecting the persons who

provide the products and services with those who want them

marketing

Paying for a meal in a restaurant is an example of the initial impact of the

value of goods and services paid by a tourist.

direct impact

the purchase of goods and services by businesses for

operating needs

indirect impact

a business that sells directly to consumers.

retailer

The amount individuals are willing to buy at a certain price affects

demand

the amount of a product available for sale at a

certain price

supply

Making products by hand or by machine in West

Virginia includes clothing makers.

manufacturing

Sometimes banks use the money in a depositor’s

account to provide money to someone else for a certain period of time.

loan

During a business slowdown, people do not tend to spend as much

money.

recession

Some investors put there money in a special

account whose interest fluctuates with the

national interest rate

money market account

Investors may purchase a certificate issued by a financial institution that pays interest

and is written for a set period of time.

certificate of deposit

Most West Virginia workers were employed in what kind of occupations

in 2001.

Service

Name three types of service occupations

1. Barbers 2. childcare

3. Beauticians 4. Dental assistant

5. Janitors 6. Occupational &

7. Nurses physical therapist

8. Doctors 9. clergy

10. Health care

Name some construction jobs

1. Carpenters 2. Operators

3. Bricklayers 4. Ironworkers

5. Cement 6. Plasterers

7. Painters 8. Paperhangers

9. Roofers 10. Plumbers

Name some government occupations

1. Governor 2. Mayor

3. Legislator 4. City counsel

5. Judge 6. Fire fighter

7. Police 8. Clerk

9. Social worker 10. Military

Name some trade occupations

1. Cashiers 2. Sales rep.

3. Buyers 4. Packers

5. Stock clerks6. Ticket sales

7. Advertising

Name three types of industries found in the

Ohio River Valley 1. Glass

2. Chemical

3. Oil & Gas

4. Tourism

5. Transportation

6. Finance

Name three industries found in the Allegheny

Plateau 1. Mining (coal, oil, gas)

2. Government

3. High technology

4. Finance

5. Tourism

6. transportation

Name three industries found in the Allegheny

Highlands 1. Timber

2. Mining (limestone, sand, clay)

3. Trade

4. Finance

5. Transportation

6. Tourism

Name three industries found in the Potomac

Section 1. Farming

2. Government

3. Trade

4. Transportation

5. Finance

Name three high-tech businesses found in West

Virginia in 2002 1. Mid-Atlantic Aerospace

2. NASA

3. FBI Fingerprinting Center

4. Biometrics Fusion Center

5. Information Manufacturing Corporation

Name some services that banks provide

1. Savings accounts

2. Checking accounts

3. Loans

4. Certificates of Deposit

5. Money markets

Why are people less likely to borrow money when interest rates are high?

Because they have to pay back a lot more money than they

borrow.

How has biometrics been used?

1. To find missing children

2. To search auto records

3. Security

Name three tourist attractions

1. State Parks

2. New River Gorge Bridge

3. State Capitol

4. Ski Resorts

5. Whitewater Rafting

6. Hunting & Fishing

A company that is controlled by another

company

subsidiary

Identify the main geographical region in

which each of the following occupations is

found.

farming

Potomac Section

wood-related industries

Allegheny Highlands

government occupations

Allegheny Plateau

glass industries

Ohio River Valley

coal mining

Allegheny Plateau, Allegheny Highlands