Chapter 12 and 13

Question 1

the difference between how much a country imports and how much it exports

Answer 1

balance of trade

Question 2

when imperial powers left local rulers in place, but expected them to take advice from the “mother” country

Answer 2

protectorate

Question 3

economic situation that occurs when a nation imports more than it exports

Answer 3

trade deficit

Question 4

the idea adopted by European nations in which they believed because they were superior in terms of technology, they had the right to conquer those who were not as advanced

Answer 4

social darwinism

Question 5

economic situation that occurs when a nation exports more than it imports

Answer 5

trade surplus