World Geography 5.1 - 5.6

Only about (___) percent of the world's countries like the United States and Japan are developed.

A/an (_______) is an example of a trade barrier.

(_____) is the money a company has left after subtracting the costs of doing business.

What is the most common type of economy today?

A decline in economic growth for six or more months in a row is known as a/an (_______).

(________) economy is an economy that combines elements of traditional, market, and command economic systems.

(_____) trade gives consumers lower prices and more choices.

A/an (_______) country is a country with a strong economy and high standard of living.

Technology is the practical application of (________) to accomplish a task and can lead to economic growth.

People or businesses that buy, or consume products are called (_____).

Which of these goods are NOT produced by the United States?

(______) is the desire for a certain good or service.

(______) economy is an economy in which individual consumers and producers make economic decisions.

The act of using money in the hope of making a future profit is (______).

(______) is the amount of a good or service that is available for use.

(_________) economy is an economy in which people make economic decisions based on their customs and habits.

The money earned by selling goods and services is called (_____).

The act of setting aside money for future use is called (___).

The act of concentrating on a limited number of goods or activities is called (___________).

The price paid for borrowing money is called (____).

A company uses revenue (money from selling its products) to pay for the costs of business. ANY money left over is (___).

The exchange of good and services in a market is called (_____).

A government policy or restriction that limits international trade is called a/an (________).

People or businesses that make and sell products are called (_____).

The share of ownership in a company is called a/an (____).

Another name for the people who buy/sell stocks and bonds for investors at places such as the New York Stock Exchange.

Goods and services sold IN a country that are produced in OTHER countries are (____).

All of the buying and selling that takes places within a country is known as (_____) trade.

The study of how people meet their wants and needs is called _______________.

A plan that show income and expenses over a period of time when managing money.

A certificate or (____) is issued by a company or government promising to pay back borrowed money with interest.

(________) economy is an economy in which the central government make ALL economic decisions.

Making a choice involves a/an (_________), or the cost of what you have to give up.

The difference between wants and reality creates (__), or having limited quantity of resources to meet unlimited wants.

A factor that encourages people to act in a certain way is called (_____).

In a growing economy, the general increase in prices over time is called (______).

Only (___) percent of the world's countries are developing countries like Ethiopia and Haiti.

(_) is the amount of goods and services produced given the amount of resources used.

Goods and services produced within a country and sold OUTSIDE the country's borders are (_____)

(_____) is an arrangement in which a buyer can borrow to purchase something and pay for it over time.