Unit 9 quiz Globalization

The worldwide movement of people, money, products, ideas, technology, data, and viruses (!)

• globalization

• tariff

• migration

Goods and services being traded between 2 countries for money

• trade

• import

• mutual benefit

Goods and services that the US brings in from other countries

• import

• export

• protectionism

Goods and services that the US sends out to other countries

• Exports

• Imports

• Mutual benefit

A specific tax on goods that are imported from other countries

• tariff

• globalization

• trade

both participants are getting something good out of trade

• mutual benefit

• protectionism

• exclusivity

Buying more stuff than we need

• Overconsumption

• Protectionism

• Budget

Shielding American industries from global trade

• Protectionism

• Free Trade

• Tariffs

Americans would have better jobs if we didn't made more of our own products in the USA

• True

• False

When each country specializes in what they are good at, everyone benefits

• true

• false