Europe Trade

Which country specializes in the automotive industry?

• Germany

• Russia

• United Kingdom

Which country specializes in natural gas (energy)?

• Germany

• Russia

• United Kingdom

Which country specializes in finance and banking?

• Germany

• Russia

• United Kingdom

Spain placing a tax on all imported produce from Italy.

• tariff

• quota

• embargo

France placing a number limit on automobiles from Germany.

• tariff

• quota

• embargo

Russia stopping all trade with U.K.

• tariff

• quota

• embargo

Which scenario would describe a successful sanction in the form of an embargo?

• U.K. placing an embargo on oil from Russia while Russia still has access to other countries to export oil to.

• Germany placing an embargo on textiles from China while China still has access to other countries to export textiles to.

• Spain placing an embargo on automobiles from Germany while Germany has no other countries to export cars to.

• France placing an embargo on solar panels from Russia while Russia has numerous other counties to export solar panels to.

What has the European Union done to help make trade easier for the large amount of countries with different currencies?

• Made the Ruble and Franc equal

• Made all country’s currencies equal

• Made a currency for EU countries to use called the Euro

• Increased the value of poorer countries currency in the EU.

What is the currency for MOST EU countries?

• euro

• franc

• dollar

• pound

What is a problem with exchanging currency?

• People make more money by trading currency.

• Most people want to use American dollars to trade.

• Banks do not like to exchange their money for other currencies.

• It costs more to do business because banks charge fees for exchanges