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.