Chapter 3, Section 3

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True or False? Developing countries typically specialize in raw materials or low-cost items.

Which economy has the government decide what goods and services will be produced.

Products or resources that are sold or traded to other countries are known as what?

What are different ways that people use resources to make and exchange goods and services

Countries do this because they can’t produce or make things for themselves.

True or False? Developed countries typically specialize in raw materials or low-cost items.

Early trade started because people didn’t have certain resources like what?

To measure economic development, geographers may look at such figures as…