Globalization

This is the world's largest common market.

A trade ___________ is when the value of a country’s exports is greater than its imports.

A(n) is a Tax on traded goods.

_______ communication consists of messages sent outside of the written or spoken word.

________ is a trade barrier in the form of a tax levied on imports.

The trading agreement between the United States of America, Mexico, and Canada is known as

_______ advantage exists when one country can produce a product more cheaply and efficiently than any other.

$20M in Imports, $30M in Exports

__________ is the rate at which one country’s currency can be exchanged for the currency of another country.

This exists when a country can produce a product more cheaply and efficiently than another.

__________ is the set of physical facilities that form the basis for a country’s level of economic development.

The movement of goods and services among nations without political or economic restrictions

The common market in the Pacific Rim region is known as

_____ is when a country buys goods outside the country and resells them domestically.

A(n) _____________ limits the amount of goods a country can import or export

When a country sells to other countries products and services it produces most cheaply.

_____ corporations manufacture and market products in many differentcountries.

Exports = $200M, Imports = $100M

A(n ) _____ is a complete ban on the import and export of certain products.

_______ is the shared beliefs, values, knowledge, and patterns of behavior common to a group of people.