Specialization, Trade Barriers, & Currency Exchange

Front

In 1962, the United States prohibited all imports and exports to and from Cuba.

Back

Embargo

Front

A tariff....

Back

Encourages people to buy goods made from their country.

Front

What is a tariff?

Back

A tax placed on imports goods.

Front

What is an embargo?

Back

A government order to stop trade.

Front

What is a quota?

Back

A limit placed on imports.

Front

Japanese auto firms agree to limits set in Washington D.C., on the # of Japanese cars that may be sold in the U.S. THIS is an example of....?

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Quota

Front

In 2010, China announced that it would impose a tax on American poultry of up 105.4%. THIS is an example of...?

Back

Tariff

Front

Russian government found deadly chemicals in German hamburgers. What will keep Russians safest?

Back

An embargo against German hamburger meat producers

Front

What does this picture represent best?

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Specialization

Front

You are on a trip to Germany. You swap your dollars for Euros. Why exchange currency while you are there?

Back

To buy or sell goods in Germany; they won't take dollars.