Unit 4 Quiz 1

 

What 3 indicators do we look at to determine level of development?

• GDP

  Health

  Education

• Location

  Exports

  Imports

• GDP

  Resources

  President

Why do countries trade with each other?

• Because not all countries have everything they need

• Because they have to share with each other

• Because it is the only way to get rid of the extra stuff they have

What do we call it when a country or industry makes one or two things really well?

• Specialize

• Practical

• Lazy

Do countries always trade with one another?

• Yes

• No

Which means to bring INTO a country

• Import

• Export

What does NAFTA stand for?

• North American Free Trade Agreement

• North African Forest Tigers Afederation

• Negative Ants for the Apples