Ch. 17 - Economic Interdependence Flashcards
1
Q
the concentration of production on fewer kinds of goods or services that are consumed by a country
A
specialization
2
Q
a system of trade
A
market
3
Q
what we call the worldwide market where countries buy and sell goods and services
A
global economy
4
Q
relationship in which each member of a group relies on the other members for something they need
A
interdependence
5
Q
goods and services produced in one country and sold to another
A
exports
6
Q
goods and services brought into a country from abroad for sale
A
imports
7
Q
countries and regions that trade with each other
A
trading partners
