Global Economy

Countries have to answer this economic question

• Who will get the goods?

• How will goods be produced?

• What goods will be produced?

• All of the Above

Countries must have a _________ to help them decide what to spend their money on.

• monopoly

• budget

• poverty

• revenue

Countries collect ________to pay their expenses.

• goods

• consumers

• human resources

• taxes

Condition of being extremely poor

• middle class

• poverty

• aristocrats

• resources

A country that has a strong economy

• developed country

• command economy

• developing country

• mixed economy

What does GDP stand for?

• Good Double Power

• Gaining Distribution Power

• Gross Domestic Product

• Goods Double Product

A developing country has a high degree of ____________.

• cash

• budget

• food

• poverty

The prices of goods and services is tied closely to _______.

• international trade

• developed countries

• developing countries

• supply and demand

If the demand is low, the value is ________.

• high

• neutral

• low

• zero

If demand is high, the value of the item is _______.

• high

• low

• zero

• free