Economics-Trade Vocabulary
Authored by Hannah Zboray
Specialty, Other Sciences, Other, English
7th - 12th Grade
Used 630+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When countries rely on each other for resources, goods, or services.
Specialization
Interdependence
Scarcity
Trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money that each country has, like paper bills and coins
scarcity
exchange rate
currency
tariff
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To swap products with someone
Trade
Specialization
Exchange rate
Import
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there isn't enough of something
Embargo
Quota
Specialization
Scarcity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trading between countries
Exchange rate
Embargo
International trade
Voluntary trade
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any action a government uses to control trade between countries
Trade barrier
Voluntary trade
Free trade
Specialization
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When people trade because they both want what the other person has
Trade barrier
Voluntary trade
International trade
Free trade
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