If the country of Columbia has an optimal climate, low labor costs and the reputation for the world's best tasting coffee, it has a ______ in coffee production.
A trade agreement between 27 countries of with the same currency and open trade between those nations.
All of the following are terms used to describe limitations on trade except?
This trade barrier limits the number of products that can be brought into a country.
This is a tax on imports that is used to increase price of foreign products and raise government revenue.
The main justification for an embargo on foreign goods is to
Developed nations have all of the following except
Underdeveloped nations tend to trade what type of goods
What is PROTECTIONISM?
INTERNATIONAL TRADE is...
The president Trump has enacted tariff barriers China against China and a lot of people worried that China might retaliate and enact the same tariff barriers. This could be called a
Which are known as the advantages of international trade (mark all that apply)?
In 1962, the United States sanctioned Cuba and prohibited all imports and exports to and from Cuba. This is an example of which trade barrier?
Why would a country impose a tariff or quota on imported goods?
How has international trade changed the way cars are made (mark all that apply)?
The currency used by countries in the EU is the
(T/F) Imports are goods and services purchased from other nations.
The United States has a Competitive Advantage in producing high-tech products because of its infrastructure
Tires made in Tennessee factories are used on cars in Europe.
Diamonds found in South Africa are used to make rings in Maine.
Baseball bats made in Kentucky are used by baseball players in Japan.
If a nation has more exports than imports, it is said to have
(T/F) Economic alliances among nations often fracture political alliances, thus are detrimental to world peace.