10.1 and 10.2 Madi Gordon
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Interconnected economies of the nations of the world. | Global economy
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The exchange of goods and services between nations. | International Trade
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A company that does business in many countries and has facilities and offices around the world. | Multiinational corportation
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Activity of buying and selling goods and services in domestic or international markets. | Trade
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Goods and services that one country buys from another country. | Imports
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Goods and services that one country sells to another country. | Exports
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The difference in value between a country's imports and exports over a period of time. | Balance of Trade
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The ability of a country or company to produce a particular good more efficiently than another country or company. | Comparative advantage
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The price at which one currency can buy another currency. | Echange Rate
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The practice of the government putting limits on foreign trade to protect businesses at home. | Protectionism
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A tax placed on imports to increase their price in the domestic market. | Tariff
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Limit placed on the quantities of a product that can be imported. | Quota
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Ban on the import or export of a product. | Embargo
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When there are few or no limits on trade between countries. | Free Trade
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Applying to, characterized by, or distinguishing something particular, special, or unique. | Specific
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One who engages in a pursuit or activity professionally. | Professionals
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To give support or relief to. | Sustains
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A means of carrying or transporting something. | Vehicles
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A disagreement. | Disputes
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To confine within bounds. | Restrict
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To act or work with another or others. | Cooperate
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A discussion marked especially by the expression of opposing views. | Controversy
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TO focus on a particular activity, area, or product. | Specialize
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Made up of banks where different currencies are exchanged. | Foreign Exchange Market
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Limit competition from other countries. | Trade Barriers
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Reduce limits on trade. | Trade Alliances
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Production, purchase, and sale of goods and services within a country. | Domestic Trade
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Exchange of goods and services across international boundaries. | World Trade
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