The World's Economy

Front

To obtain the things you want and need, you use both natural and human resources.

Back

True

Tags

S2987651

Front

Capital is all paid workers.

Back

False

Front

Which of the following is an example of a nonrenewable resource? water, trees, coal, wind

Back

coal

Front

In which type of economy is production privately owned? Options: traditional economy, command economy, mixed economy, market economy

Back

market economy

Front

In economics, what is meant by the term productivity?

Back

a measure of what is produced and what is required to produce it

Front

GDP is used to measure

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growth of the economy overtime

Front

Domestic means

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originating in one's own country

Front

How is the standard of living measured?

Back

It is measured by how well a person meets his or her needs.

Front

One of the opportunity costs of driving cars is that

Back

burning fossil fuel is effective but creates air pollution

Front

Select the renewable resource: Coal, Fossil Fuel, Wind, Natural Gas

Back

Wind