ECONOMICS
Basic Definitions:
1. Natural Resources: _______________________________________________________
EXAMPLES:
Natural Resources: __________________________________________
MAKE
Products: __________________________________________________
2. Renewable Resources: ___________________________________________________
3. Nonrenewable Resources: ________________________________________________
4. Export: _______________________________________________________
5. Import: _______________________________________________________
6. Tariff: ________________________________________________________
7. Quota: ________________________________________________________
Map Skills:
Look at the map on page 93 and answer the following questions.
8. What does the map show? ________________________________________________
9. Which region of the world consumes the least energy? _________________________
10. Where do regions obtain the extra energy they need? ___________________________
______________________________________________________________________
Economic Systems:
What are three questions every economic system answers?
a. ____________________________________________________________________
b. ____________________________________________________________________
c. ____________________________________________________________________
What are four types of economic systems?
a.
b.
c.
d.
___________________________________
___________________________________
___________________________________
___________________________________
Developed and Developing Countries
DEVELOPED COUNTRY:
-
Has a mixture of agriculture, a great deal of manufacturing, and
service industries
Rely on __________________________________________
Workers relatively have _______________________________
Examples: __________________________________________
NEWLY DEVELOPED COUNTRIES:
-
Countries that are becoming more industrialized.
Examples: _________________________________
DEVELOPING COUNTRY:
-
Country with little industry
_________________________ is important
Income for workers is __________________________________
Examples: ____________________________________________