Globalization
Economic and Globalization Vocab

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History, Social Studies
•
7th Grade
•
Hard
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31 questions
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1.
FLASHCARD QUESTION
Front
Back
Countries and people interact and integrate economically, politically, and socially, with both benefits and costs.
2.
FLASHCARD QUESTION
Front
Tariff
Back
A tax on goods/services imported or exported.
3.
FLASHCARD QUESTION
Front
Economic benefit
Back
A benefit from business or political decisions, often seen as an increase in money.
4.
FLASHCARD QUESTION
Front
Economic cost
Back
The costs or sacrifices given for making certain business or political decisions.
5.
FLASHCARD QUESTION
Front
Import: Bringing goods/services into a country for sale.
Back
To bring (goods or services) into a country from another country for sale.
6.
FLASHCARD QUESTION
Front
Export
Back
To send goods/services to another country for sale.
7.
FLASHCARD QUESTION
Front
Interdependence: The reliance of people, businesses, and nations on each other's goods and services.
Back
People, businesses, and nations depend on the goods and services of others.
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