THE ECONOMY OF THE USA

1. What sectors can US economy be divided into?

1.1. a natural resource sector

1.2. manufacturing and energy sectors

1.3. service and commerce sector

1.4. information and technology sector.

2. .What are the leading categories of the US manufactured goods?

2.1. chemicals

2.2. industrial machinery

2.3. electronic equipment

2.4. processed food

2.5. transportation equipmen

3. What are the country’s major mineral resources?

3.1. coal

3.2. iron ore

3.3. copper

3.4. lead

3.5. zinc

3.6. natural gas

3.7. gold

3.8. silver

4. What are the most wide-spread branches of animal husbandry?

4.1. Cattle production

4.2. hog production

4.3. chicken production

5. What type of economy does the USA have?

5.1. mixed economy

5.1.1. maintained a stable overall GDP growth rate

5.1.2. a moderate unemployment rate

5.1.3. high levels of research and capital investment

6. What is the role of the government in the US economy?

6.1. provides services and goods

6.1.1. national defense

6.1.2. public goods and services

6.1.3. assistance programs for low-income families

6.1.4. interstate highways and airports

6.2. provides incentives to encourage the production

6.3. discourage the production and consumption of others

6.4. establishes guidelines regulating environmental protection.

7. What makes the US the world’s richest agricultural country?

7.1. The nation’s favorable climate

7.2. soil

7.3. water conditions