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6 Written questions

5 Multiple choice questions

  1. the goods that are sent out of a country
  2. materials found in nature that are used by industry or personal use.
  3. service industries- doctors, lawyers, salespeople, truck drivers
  4. economic activities that rely directly upon natural resources
  5. when people use raw materials to make new products of greater value

5 True/False questions

  1. developed countrieshighly industrialized countries with high incomes and high standards of living


  2. renewable energyresources that come from the remains of long ago plants and animals to form coal, oil and natural gas.


  3. GDPGross Domestic Product- the total market value of all final goods and services produced annually in an economy


  4. commercial industriesa large scale manufacturing operationthat employs many people and produces large quantities of goods


  5. trade balancethe value of a nation's exports minus the value of its imports; also called net exports


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