WorksheetsOverview of the Economy
Total questions: 22
Worksheet time: 11mins
What is Scarcity?
The limited supply of a resource
its a measurement of a countries economy
a government who believes in religion
A characteristic of a Traditional Economy is-
What people make us based of tradition and beliefs
what people make is based of what the government tells them
based of whatever the individual wants to make
none of the above
What is Subsistence Farming?
food that is produced commercially for resell
the use of technology to produce a lot of food
people producing just enough food to feed their families
2. How to produce?
3. For whom to produce?
What is Cottage Industry?
Making enough food for your family only
The use of technology to produce a lot of food
Producing food to resell
Both Green and Yellow
high birth rate, high infant mortality & a low literacy rate is associated with a
more developed or highly developed country
less developed country
What does the acronym HDI stand for?
Human Development Index
Huge Donut Industry
High Development Industry
Highly Dubious Imagination
Which three indicators are used to measure the HDI?
Life expectancy, literacy rate, number of trees per 1000 people
Life expectancy, mortality rates and GDP
What is life expectancy?
How long people are expected to live
What people expect out of life
Whether or not you will be born
Amount of money a country has
What is the literacy rate?
The percentage of adults who have written a book
The percentage of adults who can read and write
The percentage of adults who have electricity per 1000
The percentage of children that can read by age 5
The United States is classified as a
newly industrialized country
more developed country
less developed country
