Chapter 9 - Vocabulary Quiz

Read the definition. Then choose the vocabulary term defined. a good or service sold to another country

• export
• import
• income

Choose the correct definition of trading partners.

• regions or countries that produce similar goods and services
• regions or countries that trade with each other
• regions or countries that use their own productive resources

Choose the correct definition of global trade.

• the exchange of productive resources between businesses
• the exchange of productive resources between governments
• the exchange of goods and services between many countries of the world

Choose the correct definition of specialization.

• focusing on efficiently producing a limited number of goods and services
• focusing on efficiently producing all the needed goods and services
• focusing on efficiently using a limited number of goods and services

Read the definition. Then choose the vocabulary term defined. a resource used to produce a good or service

• productive resource
• risk
• profit

Choose the correct definition of import.

• a good or service given to another country as a gift
• a good or service bought from another country
• a good or service sold to another country

Choose the correct definition of interdependent.

• people, societies, or other groups who avoid interaction
• people, societies, or other groups who rely on each other for survival or success
• people, societies, or other groups who do not share markets