Specialization and Interdependence

Goods and services produced in other countries and sold at home

• Imports
• Exports
• Specialization
• Globalization 

Good and services produced at home and sold in other countries

• Imports
• Exports
• Specialization
• Globalization

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

• Imports
• Exports
• Specialization
• Globalization

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

• Imports
• Exports
• Specialization
• Globalization

When one person or group depends on or relies on another

• Import 
• Specialization
• Interdependent
• Export

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

The largest of the earth's seven continents

• Europe
• Asia
• Antarctica 
• North America

Which of these is not a benefit of global trade?  

• 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

Lowest point on the Earth's surface:

• Dead Sea
• Mount Everest
• Death Valley
• Dead Space

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

• Democracy
• Communism
• Capitalism
• Monarchy