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Resources in world trade Flashcards | StudBud

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Resources in world trade

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Geography

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Questions 11

Answers

1
Which country has a command economic system
South America
Russia
China
Africa
2
Which country has a market
Most nations
United states
Russia
South america
3
What does an economic system do?
it makes trading easier
it gives them free trade
It sets rules on good and services
it helps countries get back on track
4
What is import
limit on how much trades good you can get
tax on traded goods
selling to another country
Buying from another country
5
What are 2 economic systems?
Traditional, Communist
Market, Command
Mixed, Developing
6
What is a renewable resource?
resources found deep in the earth
a resource that cannot be used up
coal
a resource that can be used up
7
Which country has a mixed economic system
France
North Korea
Most nations
Germany
8
How do you make nuclear energy
by creating controlled atomic reaction
By controlling nuclear bombs
Trapping energy from a nuclear explosion
Getting energy after a nuclear bomb goes off
9
What are natural resources
products that cannot be used or replaced naturally or grown
Sets rules for deciding what goods and services to produce
Products from the earth that people use to meet there needs
Earth resources that are limited
10
Which three are natural resources
Wind, Water, Oil
Wind, Plants, Pencils
Energy, Plastic, Air
Quota, Wind, Oil
11
Why are tariffs and quota called barriers on trade?
Because they stop countries from being sucessful
Because they stop trade from being sucessful
Because tariffs are a tax on goods, and quotas are a limit.
Because it sounds cool