Specialization and Interdependence

Front

Goods and services produced in other countries and sold at home

Back

Imports

Front

Good and services produced at home and sold in other countries

Back

Exports

Front

A focus on developing only certain skills or producing only certain goods/services

Back

Specialization

Front

The process by which people and economies around the world are becoming increasingly interconnected

Back

Globalization

Front

When one person or group depends on or relies on another

Back

Interdependent

Front

Which of these is not a cost of global trade? American workers lose jobs, Workers in foreign country get less pay, Local companies lose business, Allows people to buy things from all over the world

Back

Allows people to buy things from all over the world

Front

The largest of the earth's seven continents

Back

Asia

Front

Which of these is not a benefit of global trade?   Options: Allows people to buy things from all over the world, Allows people to enjoy quality goods, Allows people to pay less for goods, People stop buying things made locally

Back

People stop buying things made locally

Front

Lowest point on the Earth's surface: Dead Sea, Mount Everest, Death Valley, Dead Space

Back

Dead Sea

Front

Form of government in which the government owns or controls almost all of the means of production, industries, wages, and prices.

Back

Communism