Chapter 10 - Global Trade

Chapter 10 - Global Trade

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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22 questions

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1.

FLASHCARD QUESTION

Front

A fixed limit, set by the government, on the import of a product.

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Back

quota

2.

FLASHCARD QUESTION

Front

A complete ban on a product or all the products from another country.

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Back

embargo

3.

FLASHCARD QUESTION

Front

A view that there should be limits on foreign trade in order to protect business at home.

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Back

protectionism

4.

FLASHCARD QUESTION

Front

Products one country buys from another country.

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Back

imports

5.

FLASHCARD QUESTION

Front

A special tax on goods made in one country and sold in the United States.

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Back

tariff

6.

FLASHCARD QUESTION

Front

The price at which one currency can buy another currency.

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Back

exchange rate

7.

FLASHCARD QUESTION

Front

The value of one country's currency versus another is based on the supply of the currency.

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Back

False

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