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Published byMilo Webb Modified over 9 years ago
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D. Economic activities are influenced by availability of resources, cultural values, economic philosophies, and levels of supply and demand for goods and services.
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D. Cote d’Ivoire: Limited natural resources, cash crops exchanged for manufactured goods E. Switzerland: Limited natural resources, production of services on a global scale
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Japan has limited natural resources. It lacks coal, iron ore, and oil. However, it is highly industrialized and wealthy.
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Russia has many natural resources but the cold climate and long distances make it difficult to extract the resources for a profit.
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The U.S. has many natural resources and a diversified economy.
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Cote d’ Ivoire in West Africa has limited resources and must exchange cash crops for manufactured goods.
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Switzerland does not have many natural resources. The economy is based on the service industry such as banking.
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B. Location and ability to exchange goods A. Landlocked countries B. Coastal and island countries C. Proximity to shipping lanes D. Access to communication networks C. Membership in economic alliances
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A. Specialization of goods and services that a country can market for a profit B. Exchange of goods and services
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E. Financial services are growing F. Internationalization of product assembly G. Technology that allows instant communication H. Modern transportation networks (Federal Express, UPS, U.S. Postal Service) I. Widespread marketing of products (Fuji film, Nike, United Colors of Benetton)
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