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Globalization _________ nations
man made
improve schools
Specialization allows for countries to master one product and sell it to other countries that may need it.
competition
higher literacy rates
The can trade what they produce for things the don't produce.
links
increase prices of imported goods and protect a country's own industries from foreign competition
How does specialization encourage trade between two countries?
man made
improve schools
Specialization allows for countries to master one product and sell it to other countries that may need it.
competition
higher literacy rates
The can trade what they produce for things the don't produce.
links
increase prices of imported goods and protect a country's own industries from foreign competition
What is the best indication that a country's standard of living is improving?
man made
improve schools
Specialization allows for countries to master one product and sell it to other countries that may need it.
competition
higher literacy rates
The can trade what they produce for things the don't produce.
links
increase prices of imported goods and protect a country's own industries from foreign competition
What is the purpose of a tariff?
man made
improve schools
Specialization allows for countries to master one product and sell it to other countries that may need it.
competition
higher literacy rates
The can trade what they produce for things the don't produce.
links
increase prices of imported goods and protect a country's own industries from foreign competition
Physical capital is always
man made
improve schools
Specialization allows for countries to master one product and sell it to other countries that may need it.
competition
higher literacy rates
The can trade what they produce for things the don't produce.
links
increase prices of imported goods and protect a country's own industries from foreign competition
Why is entrepreneurship important to a country's economy?
man made
improve schools
Specialization allows for countries to master one product and sell it to other countries that may need it.
competition
higher literacy rates
The can trade what they produce for things the don't produce.
links
increase prices of imported goods and protect a country's own industries from foreign competition
Why is specialization important to a region?
man made
improve schools
Specialization allows for countries to master one product and sell it to other countries that may need it.
competition
higher literacy rates
The can trade what they produce for things the don't produce.
links
increase prices of imported goods and protect a country's own industries from foreign competition
A market economy is very different from a command economy. Which of the following is found in a market economy?
man made
improve schools
Specialization allows for countries to master one product and sell it to other countries that may need it.
competition
higher literacy rates
The can trade what they produce for things the don't produce.
links
increase prices of imported goods and protect a country's own industries from foreign competition
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