A Growing Economy, Chapter3, Lesson 3

Q5. Resources which can be renewed or reproduced are known as ..................

• (a) Exhaustible Resource

• (b) Renewable Resource

• (c) Non-Renewable Resource

• (d) Useful Resource

Which type of resource is oil?

• Renewable
• Non-renewable
• Continuous
• All of the above

Oil, coal, and natural gas are considered __________ ___________ because it takes millions of years for them to form.

• Nonrenewable Resources
• Renewable Resources
• Energy Resources
• Very Expensive

Total value of all goods and services produced in a country in a year is

• gross domestic product

• income

• economy

• total money made

good sent to another country

• import

• export

• trade item

• product

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

• economic resources

• population density

• productivity

• gross domestic product

economic system in which production and distribution are controlled by the government

• command economy

• traditional economy

• mixed economy

• representative economy

Which is an example of a market economy?

• communism

• socialism

• capitalism

• Budhism

Which is a nonrenewable resource?

• water

• oil

• trees

• wind

• coal

Economic system in which resources are distributed through the family

• mixed economy

• market economy

• command economy

• traditional economy