Savvas: A Global Economy Questions

How has technology changed the way we trade goods?

• It has not changed the way we trade.

• It has allowed us to trade with countries close to us.

• It has allowed us to trade with countries far away from us.

• It has made trading with other countries more difficult.

What are some examples of new technology innovations listed in the lesson? ​ (Select all that apply)

• high speed trains

• iPads

• computers

• e-mail

• televisions

Match the following words with their definitions:

• exports

• new inventions or ideas

• innovations

• an advantage gained from something

• benefits

• to sell or trade something with another country

• specialization

• to bring something in from another country for sale or trade

• imports

• a process in which each worker performs a single step in a production

Why is globalization important?

• It makes the customers and producers of different countries connected to one another.

• It helps one country to be successful.

• It makes the customers and producers of different countries less connected to one another.

• It helps a few countries to be successful.