Trade Boundaries and Currency Concepts

Front

_______ are a limit on the quantity of an item brought into a country.

Back

Quotas

Front

What currency does Bob need to buy things?

Back

Euro

Front

A country specializes by focusing its available resources on producing a ______ _____ of goods and services.

Back

limited variety

Front

If Charlie, an American, is traveling to Russia to visit friends he must convert his U.S dollars to Russian Ruble.

Back

True

Front

Tariffs are _____ placed on imported goods.

Back

taxes

Front

In this way, specialization leads to_____ __ _____ scale.

Back

trade on global

Front

Refusing to trade with another country is a way to hurt it economically.

Back

True