What are imports? What are exports? What is a tariff?
Imports are products that come from another country and we buy in our country. Exports are products we produce and sell in another country. A tariff is a tax
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15
What are the 3 indicators the HDI uses to measure quality of life?
Literacy rate, life expectancy, GDP
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lifesaver
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15
Mention 3 factors that influence a country's development
Climate, Natural resources, Debt
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15
What are non-renewable resources?
Energy sources that cannot be replaced once they are used up
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15
What are some positive and negative economic effects of tourism?
Positive effects include: more jobs, new infrastructure and currency exchange. Negative effects include: expensive products, profit goes to foreign companies
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15
What is interdependence?
Interdependence is how people and businesses depend on eachother to exist
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15
What is development gap?
Is the big difference in levels of development between rich and poor countries around the world
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15
What is the Human Developmen Index
A way of measuring a country's level of development
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15
Which sector does tourism belong to?
Tertiary sector
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15
What's the difference between domestic and international trade?
Domestic trade means buying and selling inside a same country; international trade happens between different countries.