E Unit 1

What is the term for industries that produce large and heavy products, such as steel and machinery?

• Heavy industry
• Foreign trade
• Economies of scale
• Boom

What is the term for an economy that is in good condition, with low unemployment and strong growth?

• Healthy economy
• Ailing economy
• Economy slows down
• Negative balance of trade

What is the term for a situation in which a country imports more goods than it exports?

• Negative balance of trade
• Healthy economy
• Ailing economy
• Heavy industry

What is the term for an economy that is in a period of decline, with high unemployment and weak growth?

• Ailing economy

• Healthy business

• Bad business

• Foreign economy

What is the term for a situation in which an economy's growth rate decreases?

• Economy slows down
• Boom
• Healthy economy
• Economies of scale

What is the term for a period of high economic growth and prosperity?

• Boom
• Ailing economy
• Negative balance of trade
• Impose restrictions

What is the term for regulations that limit or control trade between countries?

• Impose restrictions

• Impose questions

• Implement discounts

• Economies of scale

What is the term for the exchange of goods and services between countries?

• Foreign trade

• Domestic market

• Foreign exchange

• Trade market

What is the term for the cost advantages that arise from producing goods on a large scale?

• Economies of scale

• Scale-up

• Negative balance of trade

• Healthy economy

Pick synonym for the: growth and decline of the economy

• economic upswing and downturn
• bad economy
• trade cycle
• economic downturn