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Resources in World Trade Flashcards | StudBud

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Resources in World Trade

12 terms·StudBud Administration·11 plays

Geography

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Questions 12

Answers

1
Which of the following are fossil fuels?
Geothermal
Coal
Natural Gas
Oil
2
What are 2 economic systems?
Traditional, Communist
Market, Command
Mixed, Developing
3
Which country has a command economic system?
Africa
China
South America
Russia
4
Which three are natural resources?
Wind, Water, Oil
Energy, Plastic, Air
Wind, Plants, Pencils
Quota, Wind, Oil
5
What is import?
limit on how much trades good you can get
tax on traded goods
Buying from another country
selling to another country
6
Oil and coal are renewable resources.
False
True
7
Which country has a market economic system?
United states
South america
Russia
Most nations
8
What are natural resources?
products that cannot be used or replaced naturally or grown
Earth resources that are limited
Products from Earth that people use to meet there needs
Sets rules for deciding what goods and services to produce
9
What has led to greater interconnectedness and globalization in the world?
Improved communication
More people in the world
Improved transporation
Less government regulations
10
What is a renewable resource?
resources found deep in the earth
a resource that can be used up
coal
a resource that cannot be used up or can be replaced
11
Which country has a mixed economic system
North Korea
Most nations
Germany
France
12
Why are tariffs and quota called barriers on trade?
Because it sounds cool
Because tariffs are a tax on goods, and quotas are a limit.
Because they stop trade from being sucessful
Because they stop countries from being sucessful