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WorksheetsTrade and Development
Total questions: 10
Worksheet time: 8mins
(a) is the exchange of goods and services.
A resource is anything that can be used to produce wealth. Resources are distributed evenly.
True
False
The buying and selling that takes place in a country is ___________ trade.
foreign
domestic
The buying and selling that takes place with other countries is _____________ trade.
domestic
foreign
What are goods and services produced inside a country and sold outside of that country.
import
export
What are goods and services sold in one country but produced in another?
import
export
A (a) is a tax on imports and exports.
What does GDP stand for?
(a)
What is the total value of all goods and services produced in a country in a year?
(a)
What is the amount of goods and services produced given the amount of resources used?
(a)
