Question

match the vocabulary word with the correct definition: a tax placed on imported goods an economy based on customs and long - standing practices focusing on one job or skill to improve efficiency when supply and demand meet at the same point the amount of a product producers make available when demand exceeds supply the desire of consumers to purchase goods an economy based on private ownership and competition a situation where supply exceeds demand the increasing connection between countries through trade and culture

Explanation:

Answer:

Tariff
Traditional economy
Specialization
Equilibrium
Supply
Shortage
Demand
Market economy
Surplus
Globalization