chapter 6 Flashcards

1
Q

Import

A

the goods a country brings in from different nations.

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2
Q

Export

A

the goods a country sells or trades with another country

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3
Q

Comparative advantage

A

the ability to produce something at a lower opportunity cost than another country can

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4
Q

Tariff

A

tax on imports

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5
Q

Protectionism

A

use of tactics that make imported goods more expensive that domestic goods

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6
Q

Quota

A

a limit placed on the amount of a particular good that enters a country

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7
Q

Subsidy

A

a payment or other benefit given by the government to help a domestic producer.

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8
Q

natural boundaries

A

boundaries that follow the features of a landscape

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9
Q

cultural boundaries

A

Borders that are based on culture traits such as religion or language

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10
Q

geometric boundaries

A

boundaries that follow regular, geometric papers

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11
Q

nationalism

A

feeling pride and loyalty for ones country country or culture group

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12
Q

totalitarian governments

A

when one person or a small group of people governs a whole country

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13
Q

democracy

A

countries where all citizens have a voice in their country

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14
Q

tariffs

A

taxes on imports and exports

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15
Q

quotas

A

limits to the amount of a product that can be imported

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