Technology and the Global Economy

When goods or services are purchased from another country, that is called an ---

• export.

• import.

• economy.

• market.

When goods and services are sold to a foreign country, that is called an ---

• export.

• import.

• market.

• exchange.

Virginia and the United States pursue international trade in order to ---

• sell goods.

• make less money.

• decrease wealth.

• increase wealth.

A worldwide market where people, nations, and businesses from all over buy and sell goods and services is called ---

• global market.

• global economy.

• private financial institutions.

• credit unions.

We export goods in order to create ---

• more jobs.

• less jobs.

• less wealth.

• services.

Virginia's ports have direct service to ____ countries.

• 32

• 40

• 45

• 35

Technology has brought us closer together, and it has also enabled us to manufacture things more quickly and at lower costs

• True

• False