Vocabulary Quiz on Globalization
Quiz by Asia Rowe
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- Q1
Economic goods are processed and/or given a brand name, such as a product of agriculture.
Allocation
Commodities
Terms of Trade
Economic Power
30s - Q2
Bring (goods or services) into a country from abroad for sale.
Real Gross Domestic Product (RGDP)
Gross Domestic Product (GDP)
Import
Export
30s - Q3
A poor agricultural country that is seeking to become more advanced economically and socially.
Developing Countries
Economic Resources
Globalization
Developed Countries
30s - Q4
The ratio at which a country can trade its exports for imports from other countries.
Terms of Trade
Multinational Organization
Comparative Advantage
International Monetary Fund (IMF)
30s - Q5
A measure of the value of all the goods and services newly produced in a country during some period of time, adjusted for changes in prices over time.
Economic Power
Real Gross Domestic Product (RGDP)
Productive Process
Gross Domestic Product (GDP)
30s - Q6
A measurement of the total goods and services produced within a country.
Gross Domestic Product (GDP)
Globalization
Real Gross Domestic Product (RGDP)
Multinational Organization
30s - Q7
The process by which businesses or other organizations develop international influence or start operating on an international scale.
Economic Power
Comparative Advantage
Productive Process
Globalization
30s - Q8
To carry out of the country.
Import
Commodities
Comparative Advantage
Export
30s - Q9
Allows open trade between the US, Mexico, and Canada.
Central American Free Trade Agreement (CAFTA)
North American Free Trade Agreement (NAFTA)
World Bank
International Monetary Fund (IMF)
30s - Q10
The world's largest common market, composed of 28 European nations.
North American Free Trade Agreement (NAFTA)
European Union (EU)
World Bank
Central American Free Trade Agreement (CAFTA)
30s - Q11
The action or process of allocating or distributing something.
Globalization
Productive Process
Allocation
Comparative Advantage
30s - Q12
For each person; in relation to people taken individually.
Developed Countries
Per Capita
Comparative Advantage
Economic Power
30s - Q13
Countries with relatively high levels of industrialization and income.
Economic Power
Developing Countries
Multinational Organization
Developed Countries
30s - Q14
A pending agreement that has been negotiated between the United States, five Central American countries and possibly the Dominican Republic.
European Union (EU)
Central American Free Trade Agreement (CAFTA)
World Bank
North American Free Trade Agreement (NAFTA)
30s - Q15
All natural, human, and manufactured resources that go into the production of goods and services.
Productive Process
Allocation
Economic Resources
Economic Power
30s