Voluntary Trade Review

A ban on trade with a specific nation. Usually used to pressure the country to stop a specific action.

• Tariff

• Quota

• Embargo

• Specialization

• Exchange Rate

Noam is buying a toy that costs 25 shekel. How much is this in US dollars? Use the exchange rate chart below to determine the answer.

• 7.25 US dollars

• 3.25 US dollars

• 6.75 US dollars

• 25 US dollars

• Exchange Rate

This happens when a country focuses its resources on the production of a limited variety of goods and services.

• Tariff

• Quota

• Embargo

• Specialization

• Exchange Rate

An effective way to work and it creates goods that are cheaper.

• Tariff

• Quota

• Embargo

• Specialization

• Exchange Rate

What resource does the country at Letter D (Saudi Arabia) specialize in? (90% of the county's exports are related to this resource.)

• Diamonds

• Gold

• Oil

• Water

A tax placed on imported goods.

• Tariff

• Quota

• Embargo

• Specialization

• Exchange Rate

This causes imported goods to be more expensive so that consumers will buy locally-created goods.

• Tariff

• Quota

• Embargo

• Specialization

• Exchange Rate

Afghanistan taxes all textiles coming into the country from India. This is an example of which type of trade barrier?

• Tariff

• Quota

• Embargo

• Specialization

A limit on the quantity of a good brought into a country.

• Tariff

• Quota

• Embargo

• Specialization

The United Nations placed an embargo on this country in 1990 after it invaded its neighbor, Kuwait.

• Country at Letter B

• Country at Letter C

• Country at Letter D

• Country at Letter E