Semester 1 Exam

Front

To trade without using money is called...

Back

barter

Front

A stop or ban on imported goods from a country is ________.

Back

an embargo

Front

A tax on imported goods is _______.

Back

a tariff

Front

A limit on imported goods is _______.

Back

a quota

Front

Spain restricts all imports of automobiles from Germany

Back

embargo

Front

The United Kingdom adds a tax on all fabric imported from Italy.

Back

tariff

Front

France imposes a limit on Avocado imports from Mexico.

Back

quota

Front

Scarcity means:

Back

Not enough of something you wanted

Front

Who is a person who takes a risk to start a business?

Back

Entrepreneur

Front

An undeveloped economy in which customs and habits from the past determine how decisions will be made; may be found in rural areas with high levels of subsistence farming and rely on barter rather than currency

Back

Traditional