SOL 12f comp questions

Front

What is one reason the state of Virginia and the United States engage in international trade?

Back

To increase wealth

Front

Virginia and the United States specialize in the production of certain goods and services for the global economy or the worldwide market.

Back

true

Front

In the worldwide market, the buying and selling of goods and services by all individuals, nations, and businesses takes place.

Back

true

Front

When Virginia and the United States specialize in the production of certain goods and services, efficiency and growth is promoted.

Back

true

Front

How does international trade affect job creation in the United States?

Back

It creates new jobs for American citizens

Front

What impact has technology had on international trade?

Back

It has encouraged the flow of information, capital, and goods.

Front

How has the use of technology affected production?

Back

lowered the cost