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VA in a Global Economy Sorting Cards

AB
Worldwide markets in which the buying and selling of goods and services by all nations takes place is known as a-Global Economy
A reason states and nations trade is that they cannot-produce or produce efficiently themselves.
A reason states and nations trade is to be able to buy goods and services at-a lower cost.
A reason states and nations trade is to be able to sell-goods and services to other countries.
A reason states and nations trade is to create-jobs.
Virginia and the United States specialize in the production of goods and services, which promotes-our efficiency and growth.
A technological innovation is a-new technology
Innovations in technology(ex.internet) contribute to the-global flow of information, capital, goods, and services
The result of using new technology often is that it-lowers the cost of production


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