Economic Interdependence

What does it mean when countries are economically interdependent?

• Each country's economy operates independently without any influence from other countries.

• Countries rely on each other for resources, goods, and services to support their economies.

• Only developing countries depend on developed countries for economic growth.

• Countries do not engage in international trade.

Why do countries trade with each other?

• To increase their military power

• To meet their economic needs and wants

• To form new cultures

• To travel more easily

What does it mean when countries are described as "interdependent"?

• They share the same government

• They use the same currency

• They are economically dependent on each other

• They speak the same language

Bringing goods in from another country to sell.

• import

• export

- Form of trade Items sold that exit a country

- Goods sold to buyers outside the country

• Import

• Export

What does it mean when countries are described as being interdependent in terms of importing and exporting goods?

• It means each country can produce all the goods it needs without any help.

• It means countries rely on each other to supply goods they cannot produce themselves.

• It means countries do not engage in international trade.

• It means all countries must use the same currency.

What is the most valuable export of the United States according to the image?

• Petroleum

• Vehicles

• Capital goods

• Apparel

Which of the following is NOT listed as a profitable export from North America in the image?

• Sugar

• Pharmaceuticals

• Electronics

• Inorganic chemicals

Which of the following is NOT a major export of South American countries according to the image?

• Soybeans

• Copper

• Tea

• Natural gas

According to the image, which country in South America is highlighted for exporting machinery, transportation, and equipment?

• French Guinea

• Chile

• Brazil

• Uruguay