Terms in this set (7)
In regard to trade, United States
Imports and exports goods and services
Which statement best describes how globalization is affecting the world
The world is becoming more globalized and connected
When a country chooses to limit the kinds of goods or services it produces, it is practicing
Which is the best example of a country that is dependent on other countries
A country that has little fertile soil
What role does competition play in international trade
It drives down prices for consumers
A company in Maine sends lobsters to France. What is this an example of?
It takes brothers John and Dan the same amount of time each to clean the room they share, but Jon can mow the lawn faster than Dan. Which action would give them a comparative advantage.
If John mowed the lawn and Dan clean their room
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