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GBHS-Chapter 20-JDM

Trade Connections

QuestionAnswer
What is Chapter 20 about? Trade Connections
What are Linkages? Places being connected by the movement of people goods or info.
What is a Global Economy? The linkages of the whole world.
Imported fuel Fuel which comes from outside the area.
Goods from another country are called ______? Imports
Goods sent to another country are called ______? Exports
Exported fuel Fuel sent
What is the economy scale? Mass producing larger quantities to decrease the cost of making it.
Governments sometimes impose _______? tariffs
To limit imports use...? quotas
Protectionism The imposing of tariffs and quotas.
The opposite of protectionism is what? Free Trade
Trading blocs A group of countries which lower tariffs and other taxes to make shipping cost less.
NAFTA stands for? North American Free Trade Agreement
First in World Production of ZINC Canada
80% of minerals are_ _ _ _ _ _ _ _ Exported
Created by: Jord127
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