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Social Studies Unit
Unit 2: Consumption and Economics Terms; Test- November 30th, 2016
| Question | Answer |
|---|---|
| Economic Interdependence | A condition in which countries have a strong tie and depend on each other for resources, technology, trade, investments |
| Free Trade | The flow of goods and services across national borders, with little or no government control |
| Globalization | The development of a global, or worldwide, society in which people, money, information, and goods flow fairly freely across national borders |
| Multinational Corporation | A large company that has operations in more than one country |
| Tariff | A tax on goods that came from another country |
| GDP | Gross Domestic Product |
| GDP Per Capita | Gross Domestic Product Per Person |
Created by:
RClaxberry05
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