Economic activities that deal directly with natural resources.
Primary
Secondary
Tertiary
Economic activities that involve manufacturing.
Primary
Secondary
Tertiary
The level of a country's development.
Modernization
Industrialization
Standard of living
Countries with less developed economies.
DevelopING
DevelopED
DevelopER
Average length of people's lives.
Population growth
Standard of living
Life expectancy
Occurs when farmers clear trees and brush for short term planting.
Shifting cultivation
Slash and burn
Crop rotation
Countries that have a high standard of living and high levels of industrialization.
developING
developED
developERS
Facilities such as roads, schools, water treatment plants etc. that are needed by a modern economy.
infrastructure
superstructure
infraterity
Government makes major economic decisions.
Command economy
Supply and demand
Market economy
Growing only enough food to support one's family.
co-op farming
commercial farming
subsistence farming
Total value of goods and services produced by a country in a year.
GPR
GDP
GOP
In this economy, the people freely choose what to buy and sell.
Command economy
Socialized economy
Market economy
Wide spread manufacturing done on machines.
supply and demand
industrialization
command economy
Percentage of people who can read and write.
literacy rate
readability
tertiary skills
Which of the following is an indicator of the economic development of a nation
education achievement
percent of rural to urban population
technology
all mentioned
Which of the following would NOT be a characteristic of a developING country?
low percent of population under 15.
low literacy rate
low life expectancy
low per capita GNP
In developING countries about half of the population works in agriculture.
True
False
Low infant mortality is characteristic of a
developING country
developED country.
Renewable resources
cannot be replaced
can be replaced
Human resource is
the number of skilled workers in a country.
the total population in a country.
the number of skilled workers in secondary and tertiary economic activities.
Two examples of renewable resources are
natural gas and forest
oil and water
soil and water
Mining is a tertiary economic activity.
True
False
What information would be helpful in measuring the economic development of a country?
how people in the country earn a living.
the per capita GNP
values of the country's exports.
all mentioned
Which are examples of capital resources?
Money, infrastructure and tertiary economic activities.
Money, infrastructure, machines and technology.
Money, machines, technology and educated workers.
Man has progressed from _______ to _______ because of advancements in technology.
coal to wood
wood to petroleum
nuclear energy to petroleum
petroleum to water
Competition for resources may lead to cooperative efforts or to conflict.
False
True
Why should we conserve renewable resources?
It is always important to recycle.
The environment will not produce more renewable resources once they are used up.
Since natural growth takes time, it is possible to use up renewable resources before they are renewed.
It takes millions of years for the earth to produce valuable minerals such as gold.
When you divide the GNP by the country's population you determine
per capita GNP
average GNP for the workforce
an estimate of the employment rate.
The ability of a country to export goods it can produce at a lower cost than other countries is called
comparative advantage.
market economy.
economic distribution.
Iron, an important resource is used to make
aluminum
steel
bauxite
If a country had a GDP of $850, an average life expectancy of 56 and an average literacy rate of 44%, in all likelihood the country would be considered
developED.
developING.
Which are examples of primary economic activity?
transportation and farming
fishing and farming.
charter boat fishing services and home gardening.
Which country has numerous resources, a diversified economy and specialized industry?
Switzerland
Mexico
Japan
United States
Examples of economic alliances would be
EU (European Union) and military support between nations.
EU (European Union) and NAFTA (North America Free Trade Association)
NAFTA (North America Free Trade Association) and strict restrictions on imports.
When the internal combustion engine used in cars and trucks was invented, it created a demand for
coal.
natural gas.
petroleum.
coal and petroleum.
When a country has a comparative advantage on trade, there is often an increased reliance on military forces.
False
True
Japan is a highly industrialized country despite limited natural resources.
False
True
Examples of tertiary economic activities are
transportation, banking, informational technology services and retail trade.
the tourist industry, banking, farming and retail trade.
transportation, logging, manufacturing and retail trade.
Examples of capital resources are
abundant resources and skilled workers.
the work force and natural resources.
money, modern machines and technology.
Limited availability on natural resources often leads to INTERdependence among nations.
True
False
One of the main purposes of recycling is to
increase our nonrenewable resource supply.
make us more aware of the importance of conservation.
allow us more freedom of choice in our economy.
The demand for computer chips requires a need for
a greater work force.
skilled labor.
comparative advantage.
Most countries have all the resources they need to survive and prosper.
True
False
Global economic INTERdependence is declining.
True
False
The availability and efficient use of resources usually has a positive impact on the economic development of countries.
True
False
Technology has a significant impact on economic development.