| A | B |
|---|
| What have some countries done to reduce the cost of trade? | formed trade alliances |
| The economic system of the United States may be called a mixed economy because | both the government and private individuals own industries. |
| Many people in developing nations get their food by practicing | subsistence farming. |
| Nations with many industries and advanced technology | are considered developed nations. |
| People who buy and use products | are consumers |
| Owners and workers are considered | producers. |
| An economy is | a system in which people make, exchange, and use things that have value. |
| How much of the world's population lives in a developed nation? | One fifth of the population lives in a developed nation. |
