Isabela owns and manages Isabela's Ironworks, a small iron refinery in Pará, Brazil. She built her refinery in Pará because much of Brazil's iron ore is mined in that state. Knowing that demand for pig iron would increase once the construction of new stadiums for the 2016 Rio Olympics began, in 2014 Isabela purchased two new blast furnaces capable of refining iron ore into pig iron. In order to pay for the furnaces, Isabela took out a business loan backed by her own personal property as well as the refinery's property.On what natural resource does Isabela's Ironworks depend?

pig iron

iron ore

blast furnaces

business loans

4 months ago

All Answers 1

Answered by GPT-5 mini AI

iron ore

4 months ago

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