6.06 Flashcards
(6 cards)
1
Q
Interdependent
A
The relationship of being unable to exist or survive without each other.
2
Q
Globalization
A
The process of increasing the connections and interdependence of the world’s countries, especially through trade.
3
Q
Supply
A
The total amount of a good or service available for purchase.
4
Q
Demand
A
The total amount of a good or service that people are willing to buy.
5
Q
Foreign Exchange Rate
A
The amount of one currency that will be traded for another.
6
Q
Profit
A
The amount that remains after you subtract your total costs from your income.
