Unit 4 Major Quiz #2 Review

2. Many businesses in industrialized countries have maintained competitive prices for their products by exporting ______-intensive work to developing nations.
6. Countries _______ goods and services that they can market for profit.
9. Location and ability to exchange goods, membership in alliances, and access to resources all influence ________ activity.
10. Improvements in ____________ and communication have promoted globalization.
13. Countries must engage in _______ to import goods and services that they need.
14. Which country has numerous resources that would NOT be economically profitable to develop because of location.
15. The North American Free Trade Agreement is an economic agreement between the United States, Mexico, and _________.
18. One advantage of small, developing countries joining an economic union is great access to __________ markets.
19. ________ are not equally distributed.

1. The __________ Union has Reduced trade and travel barriers for 28 European countries.
3. These countries export oil and they are located mostly in the Middle East.
4. ________ is an example of a cottage industry that has declined due to industrialization.
5. Which country has a diversified economy, abundant natural resources, and specialized industries?
7. This has led to the growth of trade alliances, service industries, and international banks.
8. Côte d’Ivoire is a country that is known for limited natural resources and cash crops exchanged for manufactured goods.
11. Countries that are _______ are most dependent on a ground transportation network for international trade.
12. The economic union established by Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
16. Comparative _________ is the ability of countries to produce goods and services at lower relative costs than other countries.
17. Which country is highly industrialized, but has limited resources?