Question

Matching Match each term in Column A with its definition in
Column B.
(Column A)
1. imports
2. comparative
advantage
3. specialization
4. foreign trade
5. exports
6. global economy (Column B)
a. an economic law urging specialization in those
items that can be produced most efficiently
b. goods and services sold to foreign buyers
c. the purchase and sale of goods and services
among nations.
d. a worldwide economic system
e. goods and services purchased from foreign sellers
f. the limiting of a nation's production to items in
which the nation has an advantage
Road?.

Answer 1

The true match form of column A with column B will be as follows,

1-E, 2-A, 3-F, 4-C, 5-B, 6-D.

What is the global economy?

The global economy can be defined as the sum of activities that take place both within a country and between different countries. Each country is a separate unit, with its own industrial production, labor market, financial market, resources and environment.

It means international trade in goods and services, the international flow of financial capital, investments by multinational corporations, migration of workers.

Thus, the correct match form will be 1-E, 2-A, 3-F, 4-C, 5-B, 6-D.

Lear more about the global economy here,

https://brainly.com/question/10209147

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