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Social Studies Unit

Unit 2: Consumption and Economics Terms; Test- November 30th, 2016

QuestionAnswer
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