AP World Geography Economics Vocab Review

What types of economic activity best describes what you see in the following picture?

This term refers to all the goods & services bought & sold in a country, including im/exports.

Which of the following would NOT be considered a transnational corporation?

Which of the following describes a home business producing hand crafted finished goods?

This is the when foreign students stay in a country after college, because they make more money

Term refers to excess beyond what is needed, such as family farm products being sold in market.

When a government sells off a state-owned entity to private business to own, it is called:

This term refers to economic systems build on renewable resources & inexaustible power.

If the Federal government took control of all US railroads and owned them, this would be:

This type of economic activity is common in undeveloped or agrarian regions to exchange goods.

These regions are where countries have agreed to end barriers to trade, such as tariffs.

This term refers to any raw material you can buy and sell in large quantities

Call center services for computers used to be in Austin TX, but are now found in Madras, India.

This term refers to only the value of goods and services sold in within a country in a year.

The USA produces cars, computers and food. Saudi Arabia produces oil, and needs these things.

What type of economic activity best describes what you see in the following picture?

Health, income, literacy and other measures used to describe quality of life in countries is:

Which of the following would be an example of a supranational organization?

This caused an increase in food production by hybrid seed, chemical fertilizers & pesticides.

Term refers to a country where most of its' citizens are working in 3rd/4th Economic Activity.

This is a word that describes a rare resource or something in very small quantities.