Which of the following are all factors of production? A. land, labor, and gross domestic product B. labor, service industries, and capital C. land, labor, and capital D. capital, service industries, and labor

_____________ includes activities that produce raw materials and basic goods.

Which term refers to a group of countries that trade with each other with few quotas or tariffs?

Which of the following is an example of a job in the primary sector, which produces raw materials and basic goods? A. auto mechanic C. farmer B. physician D. banker

One disadvantage of trade is that it can sometimes create unemployment.

What is the currency of the European Union?

What type of economic system does the United States have?

True or False: Natural gas, petroleum, and coal are all considered fossil fuels.

_____ are people who start a new business or bring a product to market.

True or False: Developing countries have high infant mortality rates, high birth rates, and low levels of education.

In which type of economic system are resources distributed mainly through families?

The level at which a person, a group, or a nation lives as measured by the extent to which it meets its needs.