SS7E5 Presentation

Multiple Choice

Specialization is suitable for a country's economy because it lowers the ____ of producing an item

• price

• cost

• quota

Multiple Choice

True or False: Specialization affects a country's economy by encouraging trade with other countries?

• True

• False

Multiple Choice

A tax on on an imported good is an example of what trade barrier?

• tarriff

• embargo

• quota

Multiple Choice

Which country does the U.S. have serval embargoes on?

• Turkey

• Iran

• Kuwait

• Saudi Arabia

Multiple Choice

True or False: Most nation's currency exchange rate is measured against the U.S. Dollar

• True

• False