Economy
A country focuses on making a product it can produce well. This is called
specialization
Education and job training help build
human capital
Air pollution can contribute to
acid rain
A tax on an imported product is a
tariff
A higher literacy rate can support the economy because
Possible answer: people who can read and write can learn skills and contribute to workplaces and businesses.
Name one way countries can work to reduce pollution:
Possible answer: use cleaner energy, limit harmful emissions, or cooperate on pollution controls.
A limit on the quantity of a product that can be imported is a
quota
GDP per capita is one measure used to compare
average economic output per person
A government restriction or ban on trade is an
embargo
Explain one way specialization can encourage trade:
possible answer: Countries trade when each produces certain goods or services and exchanges them for products it does not produce as easily.