Flashcards on Trade Concepts

Front

Embargo

Back

An official ban (stop) on trade with another country. Example: The president caused the country to be embargoed by nations who opposed Russia.

Front

Renewable resource

Back

A renewable resource is a resource which can be replaced.

Front

Non-renewable resource

Back

A resource that cannot be replaced.

Front

Examples of alternative energy sources

Back

Wind and solar energy.

Front

Import

Back

A material or finished product that is brought into a country from abroad.

Front

scarcity

Back

When there is a shortage or limited supply. The scarcity of water in the Middle East causes many problems.

Front

Drought

Back

A lack of rain over a long period of time. Climate change has caused many droughts.