Question

Country A exports technology, petroleum, and automobiles. Country B makes most of its money exporting steel and steel products. A new metal is discovered that is more affordable and durable than steel. Most countries stop buying steel and start using the new type of metal.

Which country's economy will experience the most significant negative impact from this change? (3 points)

a
Country A, because it is a single-resource economy

b
Country B, because it is a single-resource economy

c
Country A, because it is a diversified economy

d
Country B, because it is a diversified economy

Question 2 (3 points)
The table below lists the major types of resources countries use.

Resource Types
Land
Labor
?
Entrepreneurship
Which term completes the table? (3 points)

a
Capital

b
Imports

c
Exports

d
Services

Question 3 (3 points)
Why might a country choose to diversify its economy? (3 points)

a
To increase imports

b
To discourage trade

c
To simplify production

d
To minimize risk

Question 4 (3 points)
What term describes the economy of a country which produces a wide variety of goods and services? (3 points)

a
Diversified

b
Industrialized

c
Single resource

d
Import focused

Question 5 (3 points)
Use the map to answer the question that follows.

Map of the world titled 'Top Countries with Crude Oil Reserves' and showing crude oil resources by country. China has 2.5 billion tons, India has 0.7 billions tons, Iran has 12.3 billion tons, Iraq has 15.2 billion tons, Kuwait has 13.3 billion tons, Mexico has 1.8 billion tons, the Russian Federation has 8.2 billion tons, Saudi Arabia has 36 billion tons, United Arab Emirates have 13 billion tons, the United States has 3.8 billion tons, Venezuela has 11.2 billion tons, and other countries have 24.7 billion tons.

Based on the map, how do the crude oil resources in North America compare with the rest of the world? (3 points)

a
North America has more crude oil than the rest of the world.

b
North America has no crude oil, while other countries have significant crude oil resources.

c
North America has less crude oil than Saudi Arabia and other countries in Asia.

d
North America has more crude oil than Venezuela.

Question 6 (3 points)
Use the map to answer the question that follows.

Map of the world titled 'Top Countries with Gold' and showing gold by country. Australia has 6000 tons, Canada has 3500 tons, China has 4100 tons, Indonesia has 2800 tons, Peru has 650 tons, Russia has 3500 tons, South Africa has 36,000 tons, the United States has 6000 tons, and other countries have 26,000 tons. The world total is 89,000 tons of gold.

Based on this map, how do the gold resources in North America compare with other areas of the world? (3 points)

a
North America has more gold than Australia.

b
North America less gold than large countries like China.

c
North America has very little gold compared to South America.

d
North America has more gold than Africa.

Question 7 (3 points)
The map below shows the location of some natural resources in North America.

The map shows various natural resources across North America. In Mexico, the map indicates copper, silver, and iron are found. Across the United States, iron, oil, coal, copper, gold, and silver are found. In Canada, lead and zinc, coal, copper, oil, iron, gold, silver, and uranium are found.
© 2011 FLVS

According to the map, which natural resource is found in Canada, the United States, and Mexico? (3 points)

a
Uranium

b
Lead

c
Iron

d
Gold

Question 8 (3 points)
The map below shows the location of some natural resources in North America.

The map shows various natural resources across North America. In Mexico, the map indicates copper, silver, and iron are found. Across the United States, iron, oil, coal, copper, gold, and silver are found. In Canada, lead and zinc, coal, copper, oil, iron, gold, silver, and uranium are found.
© 2011 FLVS

According to the map, which natural resource is found in both Mexico and Canada? (3 points)

a
Oil

b
Coal

c
Gold

d
Copper

Question 9 (3 points)
The table below compares the economies of two countries.

Country A Country B
Primary exports are steel, electronics, lumber, and food products Primary exports are natural gas and wheat
Which statement is accurate based on the information in the table? (3 points)

a
Country A's economy is more diversified than country B's economy

b
Country B's economy is more diversified than country A's economy

c
The economies of both countries are equal in level of diversification

d
The economies of both countries can be described as single resource

Answer 1

Answer:

Country B makes most of its money exporting steel and steel products. A new metal is discovered that is more affordable and durable than steel. Most countries stop buying steel and start using the new type of metal.