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Ch 66: M-STEP Social Studies: Economic Interdependence

About This Chapter

With this chapter of the M-STEP Social Studies course, you can review economic interdependence topics that may appear on the exam. Study concepts in globalization, international marketing, international trade organizations, and more!

M-STEP Social Studies: Economic Interdependence - Chapter Summary

The international economy sees change every day thanks to the individual actions of all participating business and countries. In this M-STEP Social Studies chapter, you have the chance to review the aspects of international trade and business that may make an appearance on your M-STEP Social Studies exam. The following topics appear in this chapter:

  • Impact of globalization of business
  • Definition of an international market
  • Factors of a political environment in international business
  • Treaties in international law and business
  • Roles of international trade organizations
  • Effects of NAFTA and North American integration

The video lessons in this chapter can be viewed on a computer as well as on your smartphone and tablet, perfect for bite-sized review sessions while you are on the go. Your upcoming M-STEP Social Studies exam will seem more familiar after taking the self-assessment quizzes provided with each chapter, which are in a format similar to the actual exam.

6 Lessons in Chapter 66: M-STEP Social Studies: Economic Interdependence
Test your knowledge with a 30-question chapter practice test
What Is Globalization of Business? - Definition, Impact & Effects

1. What Is Globalization of Business? - Definition, Impact & Effects

What is globalization of business? In this lesson we'll discuss what it is, its impact on the global marketplace, and the effects of globalization on businesses worldwide.

International Market: Definition & Explanation

2. International Market: Definition & Explanation

If you've sold a product on E-bay outside the United States, you sold your product in an international market. In this lesson, you'll learn what an international market is and explore some of its key concepts.

Political Environment in International Business: Definition, Factors & Impact

3. Political Environment in International Business: Definition, Factors & Impact

Governments and politics play a large role in international business. In this lesson, you'll learn about the political environment in international business, some of its key factors, and its impact. A short quiz follows.

Treaties Under Article II of the U.S. Constitution

4. Treaties Under Article II of the U.S. Constitution

Treaties are an important part of international law. A treaty is a legally binding agreement made between two or more government entities. This lesson explains the difference between bilateral and multilateral treaties.

International Trade Organizations and Trade Agreements

5. International Trade Organizations and Trade Agreements

International trade organizations and trade agreements have enormous power in the global trade environment. In this lesson, you will learn about the roles of the GATT, NAFTA, and the World Trade Organization.

NAFTA & North American Integration: Reasons & Effects

6. NAFTA & North American Integration: Reasons & Effects

This lesson will explore the North American integration that occurred through NAFTA. In doing this, it will define tariffs, while also discussing the arguments for and against this famous agreement.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the M-STEP Social Studies - Grade 11: Test Prep & Practice course

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