Trade & Trade Barriers

Trade & Trade Barriers

Assessment

Flashcard

Other, Specialty

6th Grade

Easy

Created by

Wayground Content

Used 5+ times

FREE Resource

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20 questions

Show all answers

1.

FLASHCARD QUESTION

Front

A tariff is when a _______ is put on an imported good

Back

Tax

2.

FLASHCARD QUESTION

Front

Which of the following trade barriers is a block or restriction on trade with another country: Tariff, Embargo, Quota?

Back

Embargo

3.

FLASHCARD QUESTION

Front

A country might place a limit or __________ on another country to weaken their economy.

Back

Quota

4.

FLASHCARD QUESTION

Front

In 2010, China placed a tax on imported American poultry of up to 105.4%. This is an example of which trade barrier?

Back

Tariff

5.

FLASHCARD QUESTION

Front

If a country produces one product at a fast pace and can do what they do best and trade for the rest, this is called what?

Back

Specialization

6.

FLASHCARD QUESTION

Front

True or False: An embargo is meant to increase the amount of trade between two countries?

Back

False

7.

FLASHCARD QUESTION

Front

What is a quota?

Back

legal limit on the amount of a good that can be imported into a country.

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