TRADE BARRIERS

TRADE BARRIERS

Assessment

Flashcard

Social Studies

7th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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30 questions

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1.

FLASHCARD QUESTION

Front

Trade is the 

Back

voluntary exchange of goods/services and benefits both sides 

2.

FLASHCARD QUESTION

Front

A barrier is meant to

Back

block or slow down trade

3.

FLASHCARD QUESTION

Front

If a country limits the amount of an imported good, they are using a 

Back

quota

4.

FLASHCARD QUESTION

Front

When a country refuses to trade with others it is participating in a trade ______

Back

embargo

5.

FLASHCARD QUESTION

Front

A tariff is a ______

Back

tax placed on imported goods

6.

FLASHCARD QUESTION

Front

Why would a country impose a tariff or quota on imported goods?

Back

to raise the price of imported goods and encourage people to buy local

7.

FLASHCARD QUESTION

Front

In 1962, the United States prohibited all imports and exports to and from Cuba. What is this action called? (Options: Tariff, Embargo, Quota)

Back

Embargo

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