PBL 2

2. is an economic policy in which a nation does not try to limit imports or exports by enacting tariffs or subsidies.
3. primary sector of an economy is the part that makes direct use of natural resources.
5. Shared characteristics of a group of people.
10. the act of coming to a new country from one’s home country to live permanently.
11. sharing features of both market and command economies.
12. a trade pact signed in 1992 between the United States and its North American neighbors, Canada and Mexico.
13. a tax that is placed on imported goods when they enter a country
15. an index designed by the United Nations to measure the basic contentment of people living in a particular country.
17. economic system in which the government controls the means of production, such as land, labor, and machinery.
19. mass movement, of people from one part of the world to another
20. is an economic region of Europe that is united under the euro, a common currency.
21. economy's dependence on a particular resource in order to be successful.
22. is the informal name for India's large and popular movie industry.
23. In general such a country has significant industrial development and therefore a relatively high standard of living.
24. The increasing interdependence of nations and peoples across the globe

1. refers to people’s quality of life based on the goods and services that are available to them
3. practice of protecting a country’s local business or industry.
4. the movement of people from rural areas, usually called towns, to urban areas,
6. Infrastructure is the underlying foundation or framework of a system, organization, or location.
7. economic system in which business owners decide what to produce, as well as how to produce and distribute it.
8. In general a developing country is one that has little industrial development and therefore a relatively low standard of living.
9. The secondary sector includes manufacturing activities, which may be referred to as secondary production.
14. includes service industries that offer services to other businesses and consumers
16. policies put in place by a government to restrict trade with one country, with a group of countries, or with specific businesses or individuals.
18. intergovernmental organization of the world’s major oil-exporting nations.