Economic Test Review

A poor country without many of the resources that they need to survive.

Which of the following is a command economy?

Not enough resources to provide all goods and services.

This is when there is TOO MUCH of a certain good or item.

When people exchange good and services.

The GDP per capita is the average wealth of a country

The people that make a product or complete a job (labor).

The desire from buyers (consumers) for a product or good.

A wealthy country with high income ($), technology, and economic opportunities would be a ______ country.

A country with a high life expectancy would be a

An outlet mall would be what type of industry?

Resources that come from the earth (land).

Natural, capital, and human resources and entreprenuership are all _______

Another word for objects or things that can be bought, sold, or used by people.

Tools that are created to make a product to complete a job.

The amount of goods or products that are available.

An example of a capital resource would be ____.

A country that is working toward being developed, but is still lacking (missing) some modern conveniences or technology.

Setting up a business to make a profit (make money).

This image is an example of which industry?