Font size
WorksheetsA Growing Economy, Chapter3, Lesson 3
Total questions: 16
Worksheet time: 8mins
Q5. Resources which can be renewed or reproduced are known as ..................
(a) Exhaustible Resource
(b) Renewable Resource
(c) Non-Renewable Resource
(d) Useful Resource
Total value of all goods and services produced in a country in a year is
gross domestic product
income
economy
total money made
good sent to another country
import
export
trade item
product
a measurement of what is produced and what is required to produce it
economic resources
population density
productivity
gross domestic product
economic system in which production and distribution are controlled by the government
command economy
traditional economy
mixed economy
representative economy
Which is an example of a market economy?
communism
socialism
capitalism
Budhism
Which is a nonrenewable resource?
water
oil
trees
wind
coal
Economic system in which resources are distributed through the family
mixed economy
market economy
command economy
traditional economy
Which economic system does the U.S. have?
traditional economy
market economy
command economy
mixed economy
someone who starts a new business
capital
labor
entrepreneur
socialist
What is the currency of the European Union?
the yen
the euro
the peso
the dollar
Countries that trade with each other with few quotas or tariffs
global trade
gross domestic product
global economy
free trade
Term for the level that shows how well a people in a society can meet their needs
standard of proof
gross domestic economy
standard of living
free enterprise
A nation's standard of living is determined by the ability to meet people's needs for feed, shelter, clothing, education, and
recreation
health care
free trade
productivity
