SS7E4 and SS7E5 Practice Game:

Front

Tax on imported goods is ___________

Back

a tariff

Front

A limit on imported goods is  _____________________ 

Back

a quota

Front

When we completely stop trading with another country, it's called ____________________

Back

an embargo

Front

In 1962, the United States prohibited (stop) all imports and exports to and from Cuba.  This is an example of a(n) _______.

Back

Embargo

Front

In 2010, China announced that it would impose an import tax on American poultry of up 105.4 percent. This is an

Back

Tariff

Front

What is the definition of economic specialization?

Back

Producing those goods a country can make easily and the BEST, so they can trade them for goods made by others that cannot be produced locally.

Front

In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported into Mexico.

Back

Quota

Front

In 2011, the United States Department of Agriculture increased its annual sugar-import limit to 1.6 million tons for the year.

Back

Quota

Front

Government policies that restrict or stop anything that slows the flow of goods and services among countries.

Back

Trade Barrier

Front

Trading without anyone forcing you to do so.

Back

Voluntary Trade