Unit 4 Major Quiz #2 Review

2. Which country has a diversified economy, abundant natural resources, and specialized industries?
4. Countries must engage in _______ to import goods and services that they need.
5. Comparative _________ is the ability of countries to produce goods and services at lower relative costs than other countries.
7. This has led to the growth of trade alliances, service industries, and international banks.
8. Countries _______ goods and services that they can market for profit.
11. ________ are not equally distributed.
12. The economic union established by Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
15. Countries that are _______ are most dependent on a ground transportation network for international trade.
17. Many businesses in industrialized countries have maintained competitive prices for their products by exporting ______-intensive work to developing nations.
18. One advantage of small, developing countries joining an economic union is great access to __________ markets.
19. Côte d’Ivoire is a country that is known for limited natural resources and cash crops exchanged for manufactured goods.

1. The __________ Union has Reduced trade and travel barriers for 28 European countries.
3. The North American Free Trade Agreement is an economic agreement between the United States, Mexico, and _________.
6. Improvements in ____________ and communication have promoted globalization.
9. Which country has numerous resources that would NOT be economically profitable to develop because of location.
10. These countries export oil and they are located mostly in the Middle East.
13. Which country is highly industrialized, but has limited resources?
14. ________ is an example of a cottage industry that has declined due to industrialization.
16. Location and ability to exchange goods, membership in alliances, and access to resources all influence ________ activity.