Weekly Vocab Quiz 3/8

What are goods and services sold to other countries?

• A. Exports

• B. Imports

• C. Globalization

• D. Economic interdependence

What is a network of a firm's outsourcing suppliers and contractors?

• A. Global supply chain

• B. Trade

• C. Imports

• D. Exports

What is a reliance on others, as they rely on you, to provide goods and services to be consumed?

• A. Economic interdependence

• B. Sustainability

• C. Global supply chain

• D. Trade

What involves actions or processes that result in making something worldwide in scope?

• A. Globalization

• B. Outsourcing

• C. Free trade

• D. Imports

What are goods produced abroad and sold domestically?

• A. Imports

• B. Exports

• C. Tariff

• D. Free trade

What is a decision by a corporation to turn over much of the responsibility for production to independent suppliers?

• A. Outsourcing

• B. Globalization

• C. Sustainability

• D. Economic interdependence

What is the use of Earth's renewable and nonrenewable natural resources in ways that do not constrain resource use in the future?

• A. Sustainability

• B. Globalization

• C. Trade

• D. Economic interdependence

What is a tax on imported goods?

• A. Tariff

• B. Free trade

• C. Outsourcing

• D. Global supply chain

What involves the exchange of goods and services?

• A. Trade

• B. Global supply chain

• C. Outsourcing

• D. Sustainability

What is international trade free of?

• A. Government interference

• B. Taxes

• C. Regulations

• D. Tariffs