occurs when countries depend on each other for resources, goods, or services.

The process in which countries are linked to one another through culture and trade is called globalization.

Culture traits such as food, music, movies, and sports are examples of __________.

Intangible assets are not physical objects, but they still have value.

As a result of globalization, there is more interdependence among countries.

Apple, Nike, and Toyota are examples of __________.

To keep costs low, companies often build their manufacturing plants in locations where raw materials or labor is cheapest.

The __________ provides loans for large projects in countries that need them, but might not otherwise be able to pay for them.

A tax that must be paid on imported items

a limit of the amount of product imported or a limit on the amount of product imported at a lower tariff

a restriction or ban of trade with a country for political purposes

Why would a country impose a tariff or quota on imported goods?

Sending goods to another country to sell.

Bringing goods in from another country to sell.