Name: 
 

Chapter 3 The Economy of West Virginia



True/False
Indicate whether the statement is true or false.
 

 1. 

Most rock salt in West Virginia is found in the central part of the state.
 

 2. 

Oil and natural gas are the most important minerals found in West Virginia.
 

 3. 

Nonfuel minerals include gravel, coal, sand, and lime.
 

 4. 

Biomass is useless garbage.
 

 5. 

Examples of agritourism include hay rides, wine tasting, corn mazes, and farm tours.
 

Multiple Choice
Identify the choice that best completes the statement or answers the question.
 

 1. 

What question should producers answer first?
a.
For whom to produce?
b.
How to produce?
c.
How much to produce?
d.
What to produce?
 

 2. 

What type of economic system is found in the United States?
a.
command
b.
conventional
c.
market
d.
traditional
 

 3. 

What was the first major industry in western Virginia?
a.
coal
b.
natural gas
c.
oil
d.
salt
 

 4. 

Where was the first iron furnace in western Virginia located?
a.
Deckers Creek
b.
Harpers Ferry
c.
Kings Creek
d.
Morgantown
 

 5. 

What caused the steel industry in West Virginia to decline in the 1970s and 1980s?
a.
employee strikes
b.
global competition
c.
lack of demand
d.
over production
 

 6. 

What group has profited the most from coal mining in West Virginia?
a.
government
b.
miners
c.
owners of mineral rights
d.
property owners
 

 7. 

Where did Union Carbide establish its first plant in West Virginia?
a.
Alloy
b.
Belle
c.
Institute
d.
South Charleston
 

Completion
Complete each statement.
 

 1. 

In 1792, _______________ cut a trail from  his cabin in Sutton to the salt lick at Bulltown so settlers in the area could use the lick.
 

 

 2. 

Towns like _______________, ______________, ______________, and _______________ grew because of the timber industry.
 

 

 3. 

One of western Virginia’s first producers of commercial oil was __________________.
 

 

 4. 

_______________ invented a glass-blowing machine.
 

 

 5. 

West Virginia’s only oil refinery is located in __________________.
 

 

Matching
 
 
Match each item with the description below.
a.
consumer
g.
profit
b.
demand
h.
scarcity
c.
economics
i.
services
d.
goods
j.
supply
e.
needs
k.
trade-off
f.
producer
l.
wants
 

 1. 

activities people do for a fee
 

 2. 

tangible items such as clothing, cars, and video games
 

 3. 

amount left over after costs are subtracted from the selling price
 

 4. 

person who purchases goods and services
 

 5. 

things people would like to have to make life better
 

 6. 

quantity of goods and services for sale
 

 7. 

when a person gives up something to achieve a more desirable outcome
 

 8. 

quantity of goods and services consumers are willing and able to buy
 

 9. 

something in short supply
 

 10. 

food, clothing, shelter
 

 11. 

study of the consumption, production, distribution, and exchange of goods and services
 

 12. 

a person who makes goods or provides services
 

Essay
 

 1. 

How did the railroads help the coal industry? 
 



 
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