Internation Econ Test Review

Front

Specifications that products may have to meet for various purposes such as health, safety or compatibility are called?

Back

standards

Front

A government imposed limit on the quantity of goods and services that may be imported from another country is called a?

Back

quota

Front

An __________ is a government order that restricts the exchange of goods with a specified country.

Back

embargo

Front

An _______ is a good or service bought in one country that was produced in another.

Back

import

Front

________ are the goods and services that a country produces domestically and sells to buyers in a foreign country

Back

exports

Front

A government policy or restriction that limits international trade is known as a?

Back

trade barrier

Front

A tax on an imported good is called a?

Back

tariff

Front

A payment from the government to encourage or protect a certain economic activity is called a?

Back

subsidy

Front

The difference in value between a country's imports and exports is its ________________.

Back

balance of trade

Front

_________ is an increase in the value of a currency as measured by the amount of foreign currency it can buy.

Back

appreciation