Economic Geography Test Review #2

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The greater the country’s level of economic development, the -

Which statement best explains why nations must trade?

Which factor is most directly related to the level of economic development of a country?

Which country has a diversified economy, abundant natural resources, and specialized industries?

Which country has numerous resources that would NOT be economically profitable to develop because of location?

The North American Free Trade Agreement is an economic agreement between the United States, Mexico, and -

Which change occurred as a result of industrialization?

Countries will export goods and services that they can produce at lower costs. This is called -