6th Chapter 4 Review

What is the definition of literacy rate?

• a limit on the quantity of a good that can be imported

• a good or service sold to another country

• the activity of creating a new business

• the percentage of adults who can read and write

What is the definition of global trade?

• the exchange of goods and services between many countries of the world

• materials and labor used to create goods and services

• a tax that is placed on goods brought into one country from another

• a ban on trade with a specific nation or group of nations

Pick the Vocab Word: people, societies, or other countries depending on one another for success

• human capital

• quota

• interdependence

• service

What is the definition of exports?

• the exchange of goods and services between many countries of the world

• a good or service sold to another country

• a tax that is placed on goods brought into one country from another

• a ban on trade with a specific nation or group of nations

Pick the Vocab Word: a ban on trade with a specific nation or group of nations.

• tariff

• embargo

• quota

• supply

Pick the Vocab Word: goods and services bought and brought in from other countries.

• good

• export

• entrepreneurship

• import

This resources consists of the factories, machines, and technology in the economy

• natural

• capital goods

• entrepreneurship

• human capital

This resource consists of the naturally found products of the region

• entrepreneurship

• capital goods

• natural

• human capital

This resource consists of ideas and organizations in the economy

• entrepreneurship

• capital goods

• natural

• human capital

This resource includes labor and skills within the economy

• human capital

• capital goods

• natural

• entrepreneurship