11 questions
Goods and services a country produces and sells to other countries
imports
exports
demand
supply
Goods and services brought in from other countries
supply
exports
imports
tariff
A tax on imports
tariff
import tax
supply
embargo
A limit to the number of imports that may enter a country
tariff
embargo
demand
quota
A government order stopping trade with another country
tariff
embargo
quota
Rules used to try to limit trade with other countries
embargo
tariff
trade barriers
quota
Which is an example of a quota?
The U.S. stops trade with China.
The U.S. limits the amount of foreign cars brought into our country.
The U.S. pays a high tax on BMW cars brought into the country.
Which is an example of a tariff?
Japan is allowed to send as many electronic products to the U.S. as they want.
The U.S. freely trades with other countries with no restrictions.
A high tax is placed on all diamonds received from Africa.
Choose an example of an embargo
The U.S. government stops all trade with China.
Canada and the U.S. have no restrictions on trade.
The price of one nation’s currency in terms of another nation’s currency
tariff
embargo
quota
exchange rate
An embargo is usually placed against a country for ____________ reasons. This action will hurt the country economically.
selfish
political
secret
friendly