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What does GPS stand for?
Global Positioning System
What does ASEAN stand for?
Association of Southeast Asian Nations
What does WTO stand for?
World Trade Organization
To find exact location of something.
Locate
The ability or qualities necessary to do something.
Capability
What does GIS stand for?
Geographic information system
The following indicates both the wind direction and wind speed or wind velocity.
Aerovane
What does make it easy to find and describe the location of a place on a map?
Grid
The quality or state of being steady and not changing.
Stability
The following is designed to raise the cost of imported goods and thereby protect domestic producers.
Protective tariff
The following is used primarily to raise government revenue without restricting imports significantly?
Revenue tariff
It is the ability of a country to produce a product, not only in a greater quantity but also at a lower opportunity cost than another country.
Comparative advantage
What do we call goods bought from other countries for domestic use?
Imports
It is the ability of one country to produce more output per unit of input than can another country.
Absolute advantage
A formal offer to supply goods or do work at a stated price; a bid.
Tender


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