3.3 Resources , Technology, and World Trade.

Question 1

Natural resource

Answer 1

Material from the Earth that people use to meet their needs.

Question 2

Renewable resource

Answer 2

Natural resource that can be replaced naturally or grown again.

Question 3

nonrenewable resource

Answer 3

Natural resource such as a mineral that cannot be replaced.

Question 4

economic system

Answer 4

System that sets rules for deciding what goods and services to produce, how to produce them, and who will receive them.

Question 5

developed country

Answer 5

Country with an economy that has a mix of agriculture , a great deal of manufacturing, and service industries and that is very productive and provides its people with a high standard of living.

Question 6

developing country

Answer 6

Country that has limited industry, where agriculture remains important, incomes are generally low.

Question 7

newly industrialized country

Answer 7

Country that is creating new manufacturing and business.

Question 8

export

Answer 8

To sell goods or resources to other countries.

Question 9

import

Answer 9

To buy resources or goods from other countries.

Question 10

tariff

Answer 10

Tax added to the price of goods that are imported.

Question 11

quota

Answer 11

Number limit on how many items of a particular product can be imported from a certain nation.

Question 12

fee trade

Answer 12

Remove of trade restriction so that goods flow freely among countries.

Question 13

interdependece

Answer 13

Condition that exists when countries rely on each other for ideas, goods , services and markets.