Match the Following

question 56

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Acquires most of its resources and sells most of its products in one country

• A)Market system
• B)Domestic business
• C)International business
• D)Market economy
• E)Multinational business
• F)Global economy

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Definitions:

International Trade

The exchange of goods, services, and capital across international borders or territories.

Cloth Production

The process of creating textile fabrics from natural or synthetic fibers through various methods including weaving, knitting, and felting.

Opportunity Cost

The forfeiture of advantageous outcomes from different possibilities upon making a specific choice.

Petroleum

Petroleum is a naturally occurring, flammable liquid found in rock formations which is refined into fuel and various chemical products.