Transcript Unit 6 Vocabulary Words

Mr.
Weiss
Unit 6 Vocabulary Words
1. imports; 2. specialization; 3. flexible exchange rate; 4. balance of
trade;
_____difference between the value of a nation’s exports and its
imports.
_____arrangement in which the forces of supply and demand are
allowed to set the price of various currencies.
_____concept that a nation should produce and export a limited
assortment of goods for which it is particularly suited in order to use
its resources most efficiently.
_____goods bought from other countries for domestic use.
Mr.
Weiss
Unit 6 Vocabulary Words
1. imports; 2. specialization; 3. flexible exchange rate; 4. balance of
trade;
__4__difference between the value of a nation’s exports and its
imports.
__3__arrangement in which the forces of supply and demand are
allowed to set the price of various currencies.
__2__concept that a nation should produce and export a limited
assortment of goods for which it is particularly suited in order to use
its resources most efficiently.
__1__goods bought from other countries for domestic use.
Mr.
Weiss
Unit 6 Vocabulary Words
1. tariff; 2. embargo; 3. developing nations; 4. subsistence
agriculture;
_____tax placed on an imported product.
_____complete restriction on the import or export of a particular
good or goods going to or coming from a specific country.
_____nations with little industrial development and relatively low
standards of living.
_____growing just enough food by a family to take care of its own
needs; no crops are available for export or to feed an industrial
workface.
Mr.
Weiss
Unit 6 Vocabulary Words
1. tariff; 2. embargo; 3. developing nations; 4. subsistence
agriculture;
__1__tax placed on an imported product.
__2__complete restriction on the import or export of a particular
good or goods going to or coming from a specific country.
__3__nations with little industrial development and relatively low
standards of living.
__4__growing just enough food by a family to take care of its own
needs; no crops are available for export or to feed an industrial
workface.
Mr.
Weiss
Unit 6 Vocabulary Words
1. foreign aid; 2. capital flight; 3. global integration;
4. multinationals;
_____the legal or illegal export of currency or money capital from a
nation by that nation’s leaders.
_____interdependency among the countries of the world, especially
within financial markets and telecommunications.
_____firms that do business and have offices or factories in many
countries.
_____money, goods and services given by governments and private
organizations to help other nationals and their citizens.
Mr.
Weiss
Unit 6 Vocabulary Words
1. foreign aid; 2. capital flight; 3. global integration;
4. multinationals;
__2__the legal or illegal export of currency or money capital from a
nation by that nation’s leaders.
__3__interdependency among the countries of the world, especially
within financial markets and telecommunications.
__4__firms that do business and have offices or factories in many
countries.
__1__money, goods and services given by governments and private
organizations to help other nationals and their citizens.
Mr.
Weiss
Unit 6 Vocabulary Words
1. foreign affiliates; 2. stabilization policies; 3. protectionists;
4. exports;
_____people who argue for trade restrictions to protect domestic
industries.
_____branches of multinational firms.
_____attempts by the federal government to keep the economy
healthy; includes monetary and fiscal policies.
_____goods sold to other countries.
Mr.
Weiss
Unit 6 Vocabulary Words
1. foreign affiliates; 2. stabilization policies; 3. protectionists;
4. exports;
__3__people who argue for trade restrictions to protect domestic
industries.
__1__branches of multinational firms.
__2__attempts by the federal government to keep the economy
healthy; includes monetary and fiscal policies.
__4__goods sold to other countries.
Mr.
Weiss
Unit 6 Vocabulary Words
1. comparative advantage; 2. fixed rate of exchange;
3. depreciation; 4. import quota;
_____system under which a national government sets the value of
its currency in relation to a single standard.
_____ability of a country to produce a product at a lower opportunity
cost than another country.
_____restriction imposed on the number of units of a particular good
that can be brought into the country.
_____loss of value because of wear and tear to durable goods and
capital goods; fall in the price of a currency through the action of
supply and demand.
Mr.
Weiss
Unit 6 Vocabulary Words
1. comparative advantage; 2. fixed rate of exchange;
3. depreciation; 4. import quota;
__2__system under which a national government sets the value of
its currency in relation to a single standard.
__1__ability of a country to produce a product at a lower opportunity
cost than another country.
__4__restriction imposed on the number of units of a particular good
that can be brought into the country.
__3__loss of value because of wear and tear to durable goods and
capital goods; fall in the price of a currency through the action of
supply and demand.
Mr.
Weiss
Unit 6 Vocabulary Words
1. benefit; 2. North American Free Trade Agreement (NAFTA);
3. European Union; 4. infant mortality rate;
_____death rate of infants who die during the first year of life.
_____help
_____agreement designed to reduce and gradually eliminate tariff
barriers between Mexico, Canada and the United States.
_____organization of European nations whose goal is to encourage
economic integration as a single market.
Mr.
Weiss
Unit 6 Vocabulary Words
1. benefit; 2. North American Free Trade Agreement (NAFTA);
3. European Union; 4. infant mortality rate;
__4__death rate of infants who die during the first year of life.
__1__help
__2__agreement designed to reduce and gradually eliminate tariff
barriers between Mexico, Canada and the United States.
__3__organization of European nations whose goal is to encourage
economic integration as a single market.
Mr.
Weiss
Unit 6 Vocabulary Words
1. economic assistance; 2. technical assistance; 3. bureaucracies;
4. enhance;
_____loans and outright grants of money or equipment to other
nations.
_____aid in the form of engineers, teachers, and technicians to teach
skills to individuals in other nations.
_____offices and agencies of the government that each deal with a
special area.
_____improve.
Mr.
Weiss
Unit 6 Vocabulary Words
1. economic assistance; 2. technical assistance; 3. bureaucracies;
4. enhance;
__1__loans and outright grants of money or equipment to other
nations.
__2__aid in the form of engineers, teachers, and technicians to teach
skills to individuals in other nations.
__3__offices and agencies of the government that each deal with a
special area.
__4__improve.
Mr.
Weiss
Unit 6 Vocabulary Words
1. telecommunications; 2. direct foreign investment; 3. foreign
affiliates; 4. exchange rate;
_____the price of one nation‘s currency in terms of another nation’s
currency.
_____branches of multinational firms.
_____the purchase by foreigners of real estate and businesses in
another country.
_____long-distance communication, usually electronic, using
communications satellites and fiber-optic cables.
Mr.
Weiss
Unit 6 Vocabulary Words
1. telecommunications; 2. direct foreign investment; 3. foreign
affiliates; 4. exchange rate;
__4__the price of one nation‘s currency in terms of another nation’s
currency.
__3__branches of multinational firms.
__2__the purchase by foreigners of real estate and businesses in
another country.
__1__long-distance communication, usually electronic, using
communications satellites and fiber-optic cables.
Mr.
Weiss
Unit 6 Vocabulary Words
1. manipulate; 2. World Trade Organization (WTO); 3. developed
nations; 4. confiscation;
_____nations with relatively high standards of living and economies
based more on industry than on agriculture.
_____world’s largest trade agreement currently with more than 140
nations.
_____influence, control.
_____taking over industries by governments without paying for
them.
Mr.
Weiss
Unit 6 Vocabulary Words
1. manipulate; 2. World Trade Organization (WTO); 3. developed
nations; 4. confiscation;
__3__nations with relatively high standards of living and economies
based more on industry than on agriculture.
__2__world’s largest trade agreement currently with more than 140
nations.
__1__influence, control.
__4__taking over industries by governments without paying for
them.
Mr.
Weiss
Unit 6 Vocabulary Words
1. military assistance; 2. transform; 3. substitute; 4. fundamental;
_____change.
_____aid given to a nation’s armed forces.
_____basic.
_____replacement.
Mr.
Weiss
Unit 6 Vocabulary Words
1. military assistance; 2. transform; 3. substitute; 4. fundamental;
__2__change.
__1__aid given to a nation’s armed forces.
__4__basic.
__3__replacement.