Definitions
What is the Definition of Development?
Effective use of raw materials, labor, and capital.
Name 2 countries in the G-8.
Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States of America
What country has the highest Per Capita GDP?
Qatar
For a government to be fair and stable it must be_____.
Good
What has 4 legs up and down
A Bed
What does value added mean?
It is when you add a higher price to a value.
When was the G-8 established?
1997
What country is big but only considered a developing country?
China
What is a short definition of hard work?
What has a bed but never sleeps and runs but never walks?
A river
What does developed countries mean?
Haveing industries that take advantage of their people's skills.
What is the G-8 mostly made up of?
It is mostly made up of developed countries.
Why are many countries undeveloped?
They lack raw materials.
What are two important factors for developing wealth?
Labor and Government
What can fly but has no wings?
Time
What does developing countries mean?
Have many factories but not as many as developed countries.
What is the G-8?
A group of people from different 8 different countries comes together to resolve economic and political disputes.
What comes from developement?
More power
"With great power comes great responseablity" Unlce Ben
What gave a country more opportunity?
Hard workers
What goes from Z to A?
Zebra
What is the Division of Labor?
Assignment of the different manufacturing processes or task to different people to improve efficiency.
What are all of the countries in the G-8?
Canada, France, Germany, Italy, Japan, Russia, United Kingdom, and United States of America
What fraction of added value is produced by the G-8?
3/4
Is possesing natural resources essential for having wealth?
No
What has roots that nobody sees, Is taller than trees, Up, up it goes, And yet it never grows?
Mountain