Economic Systems Flashcard

Front

More developed countries have widespread manufacturing and service industries that provide a high standard of living.

Back

True

Front

Which of the following are all examples of primary economic activities? Options: agriculture, fishing, & mining, agriculture, mining, & manufacturing, mining, manufacturing, & fishing, providing services, & processing information

Back

agriculture, fishing, & mining

Front

One factor that influenced the growth of many early cities was proximity to navigable water sources.

Back

True

Front

Which economic sector does this activity belong to? Options: Primary, Secondary, Tertiary

Back

Secondary

Front

The image above best represents which economic sector?

Back

Tertiary

Front

In this type of economy, the individual decides who to sell their products to without government interference.

Back

Market

Front

World trade is encouraged by the ________ of natural resources.

Back

uneven distribution

Front

In which economic system would you expect to find the widest selection of consumer goods? Options: Market, Mixed, Command, Traditional

Back

Market

Front

Countries that are ____________ are said to have a low standard of living.

Back

low development

Front

Given the information in this table, which country is most likely to need to import lumber? Options: United States, Canada, Mexico

Back

Mexico