Review - Our Global Economy

The difference between a country’s exports and imports is its

A command economy operates on the forces of supply and demand

A less-developed country probably does not have

The GDP of Spain would not include products manufactured in China using Spanish resources.

Private property, profit motive, and a free, competitive marketplace are characteristics of a

China has a large percentage of the world's rare earth minerals. This is an example of

A nation’s transportation, communication, and utility systems are referred to as its

The consumer price index (CPI) shows

Agricultural countries are more economically developed than those specializing in manufacturing

In market economies, most economic decisions are made by the government.