Show:
$ Makes the World Go Round
Trade Ya'
Developed...ing
Ownership
Concepts
100
Economic specialty of Saudi Arabia?
What is oil?
100
Definition of trade.
What is exchange of goods between countries for something of value?
100
Countries with limited technology and resources.
What is Developing Nation?
100
How do modern economies differ?
What is who owns the workplaces?
100
Definition of Producer.
What is owner or worker?
200
Products sold by developed nations?
What is technology?
200
Definition of Interdependence.
What is when countries rely on each other for goods/services?
200
Countries with advanced technology?
What is Developed Nation?
200
Owns business and determines wages in Capitalistic Economy?
What is private industry?
200
Definition of consumer.
What is a buyer and user?
300
Resources sold by developing nations.
What are natural resources and food?
300
How a country benefits from Trade Alliances.
What is reduced taxes and cheaper labor?
300
1/5 of the world's population; most people live in towns and cities.
What is Developed Nation?
300
Owns business and determines wages in a Communist Economy.
What is the government?
300
Definition of Economy.
What is system in which people make, exchange, and use things of value?
400
Three basic economic questions.
What is "What is being made?, How is it being made?, Who is it being made for?"
400
How trade works.
What is countries sell what they have and what other countries want so they can buy what they lack?
400
List two challenges of a Developed Nation?
What is unemployment and pollution?
400
Another name for a Socialist economy.
What is mixed economy?
400
The main difference in level of a country's development.
What is amount of technology and industry a country has?
500
Type of economic system of the United States.
What is free market capitalism?
500
Definition of NAFTA and the counties involved.
What is North America Free Trade Alliance; US, Canada, Mexico?
500
The difference between subsistence farming and commercial farming.
What is subsistence farming feeds people only; commercial farming turns a profit?
500
Other the United States and China, give and example of a capitalistic and communist country.
What are England and Cuba?
500
Period of history that created new economic patterns and changed the way the work produced goods.
What is the Industrial Revolution?