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Chap. 4 vocab.

Entrepreneurship

QuestionAnswer
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
Created by: PoppaBear
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