Chapter 16 -17 Part II Flashcards
1
Q
Maximum out put of an economy, or the total amount of goods and services can be produced
A
Productive captivity
2
Q
the way tasks are separated
A
Division of Labor
3
Q
The availability of productive resources _ Human resources, Natural resources, Capital goods, and entrepreneurship
A
specialization
4
Q
a system of trade
A
Market
5
Q
world-wide market where you can buy or sell, goods and services
A
global economy
6
Q
a relationship where one person relies on the other
A
interdependence
7
Q
are goods and services that are sold to other regions or countries
A
exports
8
Q
are goods and services that are bought and brought in from other regions or countries
A
imports
9
Q
regions or countries that trade a lot
A
Trading Partners
10
Q
A
