Matching
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Match each item with the correct statement below. a. | renewable | d. | nonrenewable | b. | economic system | e. | quota | c. | newly
industrialized |
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1.
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moving toward developed economies
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2.
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limit on how much of a particular product can be imported from a certain
nation
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3.
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resources like iron ore and coal that are limited in supply
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4.
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determines what goods and services to produce, how to produce them, and who
will receive them
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5.
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resources like wind, water, and forests
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Short Answer
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6.
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What are the four types of economic systems?
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7.
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What defines a developed economy?
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8.
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Why is trade important?
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9.
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What is a tariff? Why might a country use it?
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10.
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If a country stops producing oil, what are the effects in interdependent
countries?
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