Unit 2C Quiz Review

countries of Europe's southeastern Balkan Peninsula.

• standard of living

• literacy rate

• literate

• Balkans

able to read and write in one's native language

• standard of living

• literacy rate

• literate

• Balkans

the percent of a nation's population over the age of 15 who are able to read and write

• standard of living

• literacy rate

• literate

• Balkans

the level of wealth and material comfort available to people

• standard of living

• literacy rate

• literate

• Balkans

the factories, machinery, technology, etc. that are necessary to sustain a service or industry

• entrepreneur

• natural resource

• capital goods

• human capital

the knowledge, skills, and relative health of a nation's labor force

• entrepreneur

• natural resource

• capital goods

• human capital

those who risk their own money and resources to create a new business or service

• entrepreneur

• natural resource

• capital goods

• human capital

a material on or in the earth that has economic value

• entrepreneur

• natural resource

• capital goods

• human capital

the part of the economy owned and operated by the national government

• private sector

• profit

• public sector

• gross domestic product

the estimated total value of all the goods and services produced in a nation in a year

• private sector

• profit

• public sector

• gross domestic product