Economy Question Preview (ID: 39375)
Economics Part 2.
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The payment a worker receives for his or her labor
a) taxes
b) wage
c) interest
d)
Money given on the condition that it will be paid back, with interest
a) taxes
b) credit
c) loan
d)
The money that a borrower pays to a lender in return for a loan.
a) interest
b) taxes
c) demand
d)
Money or income that is not used to purchase goods or services
a) income
b) savings
c) debt
d)
The total market value of all goods and services produced in a country in a given year, per capita
a) WTO
b) GDP
c) IMF
d)
A resource that Earth replaces naturally, such as water, soil, and trees.
a) natural resource
b) renewable resource
c) nonrenewable resource
d)
A resource that cannot be replaced naturally, such as coal or petroleum.
a) natural resource
b) renewable resource
c) nonrenewable resource
d)
The United States is a developing country
a) True
b) False
c)
d)
An organization dealing with trade between nations.
a) European Union
b) World Trade Organization
c) Gross Domestic Product
d)
An organization of countries that promotes peace and security around the glove
a) United Nations
b) European Union
c) World Trade Organization
d)
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