Free Printable More on Natural Resource and Economies

Worksheets

Total questions: 20

Worksheet time: 10mins

Name

Class

Date

Most of the world's energy sources come from this type of natural resource.

renewable

nonrenewable

This type of economy is government-controlled

Traditional

Command

Market

Mixed

This type of economy is used by the United States, and most other countries world-wide.

Traditional

Command

Market

MIxed

In this type of economy supply of products and citizens demand of the products determines how much is produced.

Traditional

Command

Market

MIxed

In this type of economy things are traded. Money is not used.

Traditional

Command

Market

Mixed

This is a measure of a country's economic performance. It is the total dollar value of all goods and services produced in a country in one year.

Gross Domestic Product (GDP)

Standard of Living

Productivity

Employment Rate

This is a measure of a country's economic performance. It is the level at which a person, group, or nation lives (Do they have technology? Do many people have nice homes? Do many people own cars?)

Gross Domestic Product

Standard of Living

Productivity

Employment Rate

This is a measure of a country's economic performance. It is a measurement of what is produced in a country.

Gross Domestic Product

Standard of Living

Productivity

Employment Rate

This is a measure of a country's economic performance. It is the percentage of labor force that is employed.

Gross Domestic Product

Standard of Living

Productivity

Employment Rate

10.

In this type of national economy there are more people working in farming than factories. Technology is not common. These types of countries are usually poor.

Developed Nations

Developing Nations

11.

Compared to mos countries, this is one of the wealthiest in the world.

Australia

India

Brazil

United States

12.

In this type of economy products are made in factories. Technology is used to increase the amount of things made. These kinds of countries are considered wealthier.

Developed

Developing

13.

When countries buy products from other countries, these products are called _____________.

imports

exports

14.

This is a type of trade restriction. Countries use this when they want to restrict trade from a certain country. It is a tax placed on imports from that country.

Tariff

Quota

15.

This is a type of trade restriction. Countries use this when they want to restrict trade from a certain country. It is a limit on one particular good bought from another country.

Tarriff

Quota

16.

Sometimes countries make an agreement to not have any trade restrictions on items sold or bought between themselves. This is called....

sustainablity

currency

Gross Domestic Product per capita

Free trade

17.

When countries sell products to other countries, these products are called __________

imports

exports

18.

If Donald Trump can't run the United States economy, this would be the next best choice.

Sponge Bob - he has saved his money for a cool house under the water. That couldn't have been easy.

Mr. Monfiles - I'll bet you didn't know he just built a new house. Saving for that had to take some time.

Mrs. Lawler - She would be great because she knows a lot about math.

Noah Becker - He looks like he always has money in his pockets.

19.

Which is not an example of a non-renewable natural resource?

electricity

oil

coal

natural gas

20.

The United States currently has a 10% tariff on products imported from this country.

China

India

Russia

100 %

More on Natural Resource and Economies

Total questions: 20

Worksheet time: 10mins

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