Week #6 Global Economy & Review Standards: EPF.18–EPF.23

A _________ is someone who takes a financial risk to start a business.

• Entrepreneur

• Employee

• Customer

• Manager

A _________ is a fee placed on imported goods.

• Tariff

• Subsidy

• Quota

• Export

_________ allows countries to become more economically connected.

• Globalization

• Isolationism

• Feudalism

• Autarky

The _________ helps settle disputes in global trade.

• World Trade Organization

• International Monetary Fund

• United Nations

• World Bank

When a nation sends out goods to sell, it is called an _________

• Export

• Import

• Tariff

• Quota

Use the word bank above to complete the sentences. 6. _________ is key to creating better products and more efficient systems.

• Innovation

• Confusion

• Delay

• Negligence

The _________ determines how much your dollar is worth in another country.

• Exchange rate

• Interest rate

• Inflation rate

• Gross Domestic Product

A _________ restricts the quantity of a product a country can import.

• Quota

• Tariff

• Subsidy

• Embargo

A government might issue a _________ to influence another country’s behavior.

• Sanction

• Treaty

• Passport

• License

Goods brought into a country are called _________.

• Import

• Export

• Transit

• Shipment