Which statement best describes how globalization is affecting the world
answer
The world is becoming more globalized and connected
question
When a country chooses to limit the kinds of goods or services it produces, it is practicing
answer
Specialization
question
Which is the best example of a country that is dependent on other countries
answer
A country that has little fertile soil
question
What role does competition play in international trade
answer
It drives down prices for consumers
question
A company in Maine sends lobsters to France. What is this an example of?
answer
Exporting
question
It takes brothers John and Dan the same amount of time each to clean the room they share, but Jon can mow the lawn faster than Dan. Which action would give them a comparative advantage.
answer
If John mowed the lawn and Dan clean their room
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