Unit 4 study Guide Flashcards
List three examples of renewable resources.
solar Energy
What are the three fossil fuels?
Coal, oil, and natural gas
What are capital resources?
all the man made assets that are used to manufacture goods
What is the difference between skilled and non-skilled workers?
skilled labor requires specialized training whereas unskilled labor does not
What resources are used to produce most of the power in the world?
fossil fuels (coal, natural gas, and petroleum), nuclear energy, and renewable energy sources
How is hydroelectric power produced?
with moving water
At hydropower plants
What are some consequences of the unequal distribution of resources?
Why did European countries colonize the countries of Africa?
What value does China emphasize when it uses resources?
What resource did the steam engine create a demand for?
What resource did the internal combustion engine create a demand for?
What resource did the computer chip create a demand for?
What are two costs of using resources?
What are two benefits of using resources?
What island country east of China has limited natural resources?
List three industries that are considered primary economic activity.
What is manufacturing?
Why does Russia have difficulty extracting many of its natural resources?
The soil is hard and is covered in ice and snow.
List two examples of service industries.
List two examples of processing.
Why does Russia have difficulty extracting many of its natural resources?
What country in West Africa must exchange cash crops for manufactured
products?
How is Switzerland a wealthy country despite being landlocked and lacking
resources?
What is comparative advantage?
What resource is used to produce most of the power in the world?
Coal Followed by gas
Why do countries engage in trade?
What is gross domestic product per capita?
What continent has the most developing countries?
What are three developed countries in Asia?
List three landlocked countries in Europe.
Name one double landlocked country.
Why do many African countries have difficulty transporting goods?
List the standards of living criteria that developing countries have.
List the standards of living criteria that developed countries have.
What country in Africa has a well-developed infrastructure and high GDP?
Seychelles
What economic union introduced a new currency called the euro?
What three countries are part of NAFTA/USMCA?
United States, Mexico, Canada
List three countries that are members of ASEAN.
China, Japan, Republic Korea
What economic union sets the price and production of oil?
OPEC
What is a tariff?
a tax imposed by one country on the goods and services imported from another
What is one advantage of economic unions?
promote trade among their members by removing non-tariff barriers
Where are most of the member countries of OPEC located?
Africa, Middle East, South America
