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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.
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Question
Answer
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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