Unit Four Economics Review

Front

Which word means selling for money (profit)?

Back

Commercial

Front

Cottage industries are found...

Back

in homes

Front

Which type of agriculture is this? Options: Cottage, Subsistence, Commercial, Deadly

Back

Commercial

Front

What economic sector is a scientist? Options: Tertiary, Secondary, Quaternary, Primary

Back

Quaternary

Front

Match this definition to the appropriate word: A technique that reduces risk by allocating investments across various financial instruments, industries, and other categories.

Back

Diversification

Front

The total value of goods and services that a country produces in a year is called

Back

gross domestic product.

Front

Agriculture designed primarily to provide food for direct personal consumption by the farmer and the farmer’s family.

Back

Subsistence Agriculture

Front

The services, systems, and facilities that make a city or country run smoothly is known as

Back

infrastructure

Front

Exchanging one good or service for something else is called

Back

trade

Front

When a country sends or sells its goods to another country it ___________ them.

Back

exports