Using Map (In the Textbook) 33

question 52

Essay

Using Map (in the textbook) 33.2, define globalization and show how it is reflected in this Map (in the textbook) of international trade associations.

---

Definitions:

Export Supply

The total amount of goods and services a country is willing and able to sell abroad at a given price level.

Domestic Quantity Supplied

The total amount of a good or service that producers in a country are willing and able to sell at a certain price.

Domestic Quantity Demanded

The total amount of a good or service that is demanded by consumers within a specific country.

Hypothetical Nations

Imaginary or theoretical countries used for the purpose of discussion, analysis, or illustration in academic exercises.