Which two actions will a country most likely take when it has plenty of iron ore, but it needs aluminum?

• It will specialize in steel production and forgo for aluminum.
• It will specialize in steel production and trade for aluminum.
• It will decrease steel production and bargain for aluminum.

Which reality leads countries to specialize in producing a limited number of goods or services?

• No country has unlimited resources, so countries need to buy the resources they lack.
• Some countries have unlimited resources, which leads to thriving trade.
• No country has unlimited resources, so countries must be efficient with those resources that are plentiful.

Match the term with its definition. What definition goes with number 1?

• When countries or regions depend upon one another.
• Countries and regions that trade with each other.
• Goods and services sold and shipped to other countries and regions.

Match the term with its definition. What definition goes with number 2?

• Efficient use of the productive resources of a country or region to produce a limited variety of goods and services.
• Goods and services bought and brought from other countries.
• The trade of goods and services between countries of the world.

Match the term with its definition. What definition goes with number 3?

• When countries or regions depend upon one another.
• Goods and services sold and shipped to other countries and regions.
• Goods and services bought and brought from other countries.

Match the term with its definition. What definition goes with number 4?

• Countries and regions that trade with each other.
• Efficient use of the productive resources of a country or region to produce a limited variety of goods and services.
• The trade of goods and services between countries of the world.

Match the term with its definition. What definition goes with number 5?

• Goods and services sold and shipped to other countries and regions.
• Efficient use of the productive resources of a country or region to produce a limited variety of goods and services.
• Goods and services bought and brought from other countries.

Match the term with its definition. What definition goes with number 6?

• When countries or regions depend upon one another.
• Countries and regions that trade with each other.
• The trade of goods and services between countries of the world.

Which two specializations show the greatest potential in Liberia? (Choose 2)

• Forest Products
• Hydroelectric Power
• Iron Ore
• Rubber

Examine the chart. Rank the countries from most likely (FIRST) to least likely (LAST) to specialize in creating new high-tech industries.

• Egypt, Japan, South Korea, Malta
• South Korea, Japan, Malta, Egypt
• Japan, South Korea, Malta, Egypt