1933 PART IV: APPLICATION: MATCHING (1 x 30 = 30 marks) A- Match the term in Column A with its correct counterpart in Column B, and place the appropriate letter in Column C. Column A 1- natural resources sqmo 2- infrastructure 3- importing 4- comparative advantage 5- exporting Column B Column C (a) All the economic activities that work for the selling and shipping of finished products or raw materials from a domestic country to other countries or nations. (b) The economic theory that states that for the production or the selling of specific goods or services, some countries have the means to perform better that other countries under the same circumstances. (c) Materials available in nature, that are not the result of a human transformation and that have the potential to be of economic value. (d) The economic process which consists of buying raw materials or finished products from other nations in order to use them domestically. (e) A system well organized and planed by an official entity or a government, whose purpose is to make an organization or a nation run towards achieving a specific goal. tomation run towards achi goal. 9167
1933 PART IV: APPLICATION: MATCHING (1 x 30 = 30 marks) A- Match the term in Column A with its correct counterpart in Column B, and place the appropriate letter in Column C. Column A 1- natural resources sqmo 2- infrastructure 3- importing 4- comparative advantage 5- exporting Column B Column C (a) All the economic activities that work for the selling and shipping of finished products or raw materials from a domestic country to other countries or nations. (b) The economic theory that states that for the production or the selling of specific goods or services, some countries have the means to perform better that other countries under the same circumstances. (c) Materials available in nature, that are not the result of a human transformation and that have the potential to be of economic value. (d) The economic process which consists of buying raw materials or finished products from other nations in order to use them domestically. (e) A system well organized and planed by an official entity or a government, whose purpose is to make an organization or a nation run towards achieving a specific goal. tomation run towards achi goal. 9167
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:1933 PART IV: APPLICATION: MATCHING (1 x 30 = 30 marks)
A- Match the term in Column A with its correct counterpart in Column B, and place the appropriate letter
in Column C.
Column A
1-
natural resources
sqmo
2-
infrastructure
3-
importing
4-
comparative
advantage
5-
exporting
Column B
Column C
(a) All the economic activities that work for the selling and
shipping of finished products or raw materials from a
domestic country to other countries or nations.
(b) The economic theory that states that for the production or the
selling of specific goods or services, some countries have
the means to perform better that other countries under the
same circumstances.
(c) Materials available in nature, that are not the result of a human
transformation and that have the potential to be of
economic value.
(d) The economic process which consists of buying raw materials or
finished products from other nations in order to use them
domestically.
(e) A system well organized and planed by an official entity or a
government, whose purpose is to make an organization or a
nation run towards achieving a specific goal.
tomation run towards achi
goal.
9167
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