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Chapter 4 vocab blah

Vocabulary

TermDefinition
Global Economy the Economy between all countries
Exporting Selling goods to other countries
Importing buying goods to sell domestically
Trade Barrier Restrictions on goods entering/exiting the country
Tariff a type of trade barrier, a tax on imports/exports
GDP (Gross Domestic Product) total value of exports/domestic goods
Created by: jrmckain
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