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5 Written questions

5 Matching questions

  1. tertiary industry
  2. publishing industry
  3. value added
  4. General Agreement on Tariffs and Trade (GATT)
  5. technology
  1. a a service industry does not produce goods but povide a skill or service. such as banking, transport, doctors and more.
  2. b publishing of books magazines and newspapers
  3. c A trade agreement that contained loopholes that enables countries to avoid trade-barrier reduction agreements
  4. d the gross value of the product minus the costs of raw materials and energy.
  5. e the application of science to industry

5 Multiple choice questions

  1. a fossil fuel in the gaseous state
  2. commodities (goods or services) bought from a foreign country
  3. a nonrenewable energy resource formed from the remains of organisms that lived long ago; examples includes petroleum, coal, and natural gas
  4. the monetary value of all goods and services produced for sale within a country's borders over the course of a year
  5. a naturally occurring, inorganic solid that has a crystal structure and a definite chemical composition.

5 True/False questions

  1. World Trade OrganizationInternational organization that regulates international trade


  2. embargopeople or businesses that are interested in buying a product


  3. free marketA market with few government restrictions on how a good or service can be produced or sold or on how a factor of production can be employed.


  4. petroleuma class of elements characterized by physical properties that include shininess, malleability, ductility, and conductivity


  5. industrial revolutionA series of improvements in industrial technology that transformed the process of manufacturing goods.