World Economies

The government only helps out the economy by safeguarding the market and helping keep it safe

• Mixed Economy

• Market Economy

• Traditional Economy

• Command Economy

The exchange for other goods or services without using money

• Currency

• Bartering

• Tariff

• GDP

_____________ start a new business or bring a new product/idea to market

• Geographers

• Demographers

• Importers

• Entrepreneurs

Which of the following is NOT one of the four factors of production

• Land

• labor

• Capital

• GDP

Resources that can not be reused

• Renewable resources

• Non renewable resources

• Human resources

• Natural resources

Countries __________ with each other because we have different resources

• Prooduce

• Trade

• Fight

• Embargo

The main goal of all countries economy

• Productivity

• High standard of living

• Sustainability

• Quality of life

Which of the following is not an example of the service industry?

• Banking

• Hair salons

• Health clinics

• Wood

Trees, wind energy, solar energy, water, are examples of what

• Non renewable resources

• Renewable Resources

• Human Resources

• None of the above

When a country has no tariffs or quotas set on trade with a country

• Free trade

• Open trade

• Mixed trade

• Growth trade