Vocab #2

Question 1

Send[goods or services] to another country for sale.

Answer 1

Export

Question 2

The dependence of two or more people or things on each other

Answer 2

Interdependence

Question 3

Bring [goods or services] into a country abroad for sale

Answer 3

Import

Question 4

Expense not normally included In the purchase of a price of a equipment or machine, such as for maintenance, supplies, training, and upgrades.

Answer 4

Hidden costs

Question 5

Movement of people to a new area in order to find work or better living conditions.

Answer 5

Migration

Question 6

Economic activity concerned with the processing of new materials and manufacture of goods in factories.

Answer 6

Industry

Question 7

Natural resource may exist as separate unity such as fresh water, air, and as well as a Living organism such as a fish, or it may exist in an alternate form me that must be processed to obtain the resources such as metal ores, rare earth metals, petroleum, and most forms of energy.

Answer 7

Natural Resources

Question 8

A system fo allocating resources to meet people’s needs and wants. It determines how goods and services are made and exchanged.

Answer 8

Economy