Economic Resources 1
What is a good?
What is a service?
Something that you pay someone to do for you.
How many industries are there?
three (3)
Give two type of money.
Cash/coins
Money order
Cheque
Cards
What is a tourist ?
Some one who visits a country for more than 24hr but less than a year?
State two ways to acquire money
Work
Gift Inherit
Allowance Win
Chicken and chips from the chineese?
Goods
Teachers are examples of ?
A service
What is another name for the Secondary industry?
Manufacturing industry
What is money?
A medium of exchange that is acceptable as payment for goods or services
What doe VFR mean?
Visiting friends and relatives
Name two ways to save money.
Piggy bank
Vault
Bank account
Invest
Service
The schools sells juices and water in the kitchen. Thees juices are examples of goods or services?
Goods
What industry is a farmer apart of?
What does the initials TTD mean?
Trinidad and Tobago Dollar
Job
Socialize
Vacation
Education
What does ECCB stand for?
Eastern Caribbean Central Bank
Define the term trade.
Trade is the exchange of goods and service for money.
The exchange of goods and services for other goods and services.
Peter cuts yard for a living. What industry is he apart of?
Tertiary/ Service Industry
What does the abbreviation GYD mean?
Guyana Dollar
Jane from Barbuda goes over to Antigua for Carnival. What type of tourist is she?
Domestic Tourist
What is the piece of paper you fill out at a bank called?
Customer Voucher
What is it called when someone brings somethign into a country?
Import
St.Kitts sells parts made in their factories to countries in Europe. What type of trade is this?
International Trading
When persons in on industry are needed by another industry, what is it called.
Interdependency
What is wealth?
Having an abundance of valuable possessions.
What is the name of the airport in Nevis?
List 3 examples of commercial banks in St.Kitts Nevis.
SKNANB
Republic Bank
BON
First Caribbean
Boni Bank