Section 3 Resources, Technology, and World Trade

Question 1

Are materials from the Earth that people use to meet their needs.

Answer 1

Natural resources

Question 2

Something that can be replaced.

Answer 2

Renewable resources

Question 3

Something that cannot be replaced.

Answer 3

Nonrenewable resources

Question 4

I the method used to answer three key questions: what goods and services to produce, how to produce them, and who will recieve them.

Answer 4

Econmic system

Question 5

Has a mix of agriculture, a great deal of manufaccturing, and service industries.

Answer 5

Developed country

Question 6

Countries with economies that are not as advanced.

Answer 6

Developing Countries

Question 7

A country that is becoming more industrial.

Answer 7

Newly industrialized countries

Question 8

Sell to other countries.

Answer 8

Export

Question 9

To buy from other counrties.

Answer 9

inport

Question 10

Tax added to the price of goods that are imported.

Answer 10

Tariffs

Question 11

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

Answer 11

Quota

Question 12

The removal of trade limits so that goods flow freely among countries.

Answer 12

Free trade

Question 13

When countries rely on each other for ideas, goods, services, and markets.

Answer 13

Interdependence