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Categories:: 6.4.6. Economic Interdependence
Statements:
A. Explain the advantages and disadvantages of specialization and division of labor.
B. Explain how specialization leads to more trade between people and nations.
C. Identify and define imports, exports, inter-regional trade and international trade.
E. Explain how specialization and trade lead to interdependence.
F. Explain how opportunity costs influence where goods and services are produced locally and regionally.
D. Explain how the location of resources, transportation and communication networks and technology have affected Pennsylvania economic patterns.
G. Describe geographic patterns of economic activities in Pennsylvania.
G. Describe geographic patterns of economic activities in Pennsylvania.