Chapter 3 Lesson 3

Question 1

are materials from the Earth that people use to meet their needs

Answer 1

natural resources

Question 2

are natural resources that cannot be used up or that can be replaced

Answer 2

renewable resources

Question 3

natural resources that are finite, or limited, in supply

Answer 3

nonrenewable resources

Question 4

is the method used to answer three key questions: what goods and services to produce, how to produce them, and who will receive them

Answer 4

economic system

Question 5

has a mix of agriculture, a great deal of manufacturing, such as banking and health care, provide services rather than making products

Answer 5

developed country

Question 6

countries with economies that are not as advanced are called

Answer 6

developing countries

Question 7

countries that are becoming more industrial are called

Answer 7

newly industrialized countries

Question 8

to sell to other countries

Answer 8

export

Question 9

to buy from other countries

Answer 9

import

Question 10

taxes on foreign goods

Answer 10

tariffs

Question 11

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

Answer 11

quota