Post test review pt. 2

Economy

100

A country focuses on making a product it can produce well. This is called

specialization

200

A tax on an imported product is a                    

1. tariff

300

A limit on the quantity of a product that can be imported is a  

1. quota

400

A government restriction or ban on trade is an        

1. embargo

500

1. Explain one way specialization can encourage trade:

1. possible answer: Countries trade when each produces certain goods or services and exchanges them for products it does not produce as easily.

education and economic growth

100

Education and job training help build        

human capital

200

A higher literacy rate can support the economy because

Possible answer: people who can read and write can learn skills and contribute to workplaces and businesses.

300

GDP per capita is one measure used to compare  

average economic output per person

environmental issues

100

Air pollution can contribute to      

1. acid rain

200

Name one way countries can work to reduce pollution:

1. Possible answer: use cleaner energy, limit harmful emissions, or cooperate on pollution controls.