Global Economy Quiz

• The financial status of a country.

• The economies of countries are more connected through trade and services.

• The economy of a single country.

• A system of local markets.

• A policy encouraging free trade.

• A type of economic globalization.

• A systematic government intervention in foreign trade.

• A method of international cooperation.

• To limit technological advancements.

• To reduce their economic interdependence.

• To satisfy their own needs and wants.

• To isolate themselves from global markets.

• Global Development Plan

• Gross Domestic Product

• Gross Development Product

• General Domestic Policy

• A type of trade barrier.

• A product bought from the global market.

• A government subsidy.

• A product sold to the global market.

• A type of tariff.

• A method of resource endowment.

• A partnership to facilitate trade between countries.

• A group of countries that restrict trade.

• A type of trade barrier.

• The total value of goods produced.

• The ability to produce goods more efficiently than another country.

• The ability to produce goods at a higher cost.

• Exports

• Tariffs

• Trade alliances

• Free trade agreements

• To eliminate trade barriers.

• To promote free trade.

• To protect local markets.

• To encourage imports.

• It increases the cost of goods.

• It restricts trade between nations.

• It allows countries to produce goods more efficiently.

• It has no impact on trade.