3-3 review geography

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

• True

• False

A country's decision about what to produce determines its economic system.

• True

• False

In developing countries, most of the population lives in poverty.

• True

• False

One disadvantage of trade is that it can sometimes create unemployment.

• True

• False

When a country focuses on sustainability, it attempts to produce all of its own goods without relying on trade at all.

• True

• False

Which of the following is an example of a nonrenewable resource?

• trees

• wind

• coal

• water

Which of the following are all factors of production?

• land, labor, and gross domestic product

• labor, service industries, and capital

• land, labor, and capital

• capital, service industries, and labor

In which type of economy are most of the means of production privately owned?

• traditional economy

• command economy

• mixed economy

• market economy

Which of the following is an example of a job in the primary sector, which produces raw materials and basic goods?

• auto mechanic

• farmer

• physician

• banker

In economics, what is meant by the term productivity?

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

• the level at which a person, group, or nation lives

• the percentage of the labor force that is employed

• the total dollar value of all final goods and services produced in a year