Chapter 6 Flashcards
The goods a country brings from different nations.
Import
The goods a country sells or trades with another nation.
Export
The ability to produce something at a lower opportunity cost than another country can.
Comparative Advantage
Use of tactics that make imported goods more expensive than domestic goods.
Protectionism
Tax on imports.
Tariff
A limit placed on the amount of a particular good that enters the country.
Quota
A payment or other benefit given by government to help domestic producers.
subsidy
Boundaries that follow a feature of the landscape.
Natural boundaries
Borders that are based on culture traits.
Cultural boundaries
Boundaries that are regular regard to culture and environment.
Geometric boundaries
Feeling pride and loyalty for ones country or culture.
Nationalism
Only a couple people can decide everyone’s decisions
totalitarian governments
The people decide who are the govern’s
Democracy