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Chap. 4 vocab.
Entrepreneurship
Question | Answer |
---|---|
Exporting | Selling and shipping of goods to another country |
Importing | buying or bringing in goods from other countries |
Global Economy | International economic activity which includes the world-wide integration of markets for goods, services, labor, and capital. |
Trade Barrier | restriction on goods entering or leaving a country |
Tariff | Taxes imposed on imported or exported goods |
GDP | The total value of goods produced and services provided in a country during one year |