Chp 13: Global Economics Review

Product standards, subsidies, and quotas are examples of _______ policies.

• capitalism

• scarcity

• protectionism

• supply and demand

• economic interdependence

_________ impacts pricing based on the availability of a product and the consumer desire for it.

• capitalism

• scarcity

• protectionism

• supply and demand

• economic interdependence

A characteristic that sets _______ apart as an economic and political.

• capitalism

• scarcity

• protectionism

• supply and demand

• economic interdependence

_______ is experienced when demand meets insufficient resources.

• capitalism

• scarcity

• protectionism

• supply and demand

• economic interdependence

_______ happens when multiple countries rely on one another for goods and services.

• capitalism

• scarcity

• protectionism

• supply and demand

• economic interdependence

_______ includes the study of individual purchasing decisions.

• export

• developing countries

• microeconomics

• economic system

• tariff

Fewer available resources and a lower standard of living are characteristics of _______.

• export

• developing countries

• microeconomics

• economic system

• tariff

A(n) ______ is the way in which a country uses their resources and distributes goods and services.

• export

• developing countries

• microeconomics

• economic system

• tariff

A(n) ______ is a product or service a country sells to another country.

• export

• developing countries

• microeconomics

• economic system

• tariff

In order to help sell more domestic products, a country might charge an extra tax, or ____, on imports.

• export

• developing countries

• microeconomics

• economic system

• tariff