chapter 16-18 Flashcards
(10 cards)
1
Q
maximum output of an econoey
A
Productive Capacity
2
Q
is the way work tasks are separated
A
Division of Labor
3
Q
a region uses the available productive resources
A
Specialization
4
Q
a system of trade
A
Market
5
Q
world wide market where countries buy and sell goods and servises
A
Global Economy
6
Q
relationship in which each member of a group relies on the other members for something they need
A
Interdependence
7
Q
goods and services that are produced and then sold to other regions or countries
A
Exports
8
Q
goods and services that are bought and brought in form other regions or countries
A
Imports
9
Q
countries and regions that trade with each other
A
Trading Partners
10
Q
A
Financial Security
