Author: Study Clue

When countries depend on each other for goods, jobs, and markets, this situation is called A Economic isolation B Local

Globalization mainly refers to which broad change in the world economy A Countries becoming isolated B Barter trade returning C

A country’s export prices rise but import prices rise even faster, so its ability to buy imports from exports falls;

A country imports edible oil despite local production because it is cheaper abroad; this situation mainly shows trade improves A

A country sells textiles abroad to earn foreign currency and expand demand; this sale is treated as A Domestic retail

A country purchases crude oil from another nation mainly because it needs A Local transport permits B Foreign raw materials

Foreign trade means exchange of goods and services between A Same city markets B Same state markets C Different countries

A country is efficient in both cars and wheat, yet it exports wheat because giving up cars per unit of

A country keeps exporting a product even after wages rise because its machines and skills keep unit cost low. The

A country can make both tea and cloth cheaper than another, but it exports cloth because it sacrifices less tea