SS6E8a,b,&c-Specialization, Trade Barriers, & Currency Exch

In 1962, the United States prohibited all imports and exports to and from Cuba.

• Tariff

• Embargo

• Quota

• Specialty

A tariff....

• Encourages people to buy goods made from their country.
• Increases trade between other countries.
• Stops trade completely.
• Only placed to encourage democracy.

What is a tariff?

• A government order to stop trade

• A limit placed on imports

• A tax placed on imports goods

• a way for citizens to make more money in their paycheck

What is an embargo?

• A government order to stop trade.

• A limit placed on imports.

• A tax placed on imports.

• A way for citizens to have more money in their paycheck

What is a quota?

• A government order to stop trade.
• A limit placed on imports.
• A tax placed on imports.

Japanese auto firms agree to limits set in Washington D.C., on the # of Japanese cars that may be sold in the U.S. THIS is an example of....?

• Embargo

• Quota

• Tarriff

• Standard

In 2010, China announced that it would impose a tax on American poultry of up 105.4%. THIS is an example of...?

• Tariff

• Embargo

• Quota

• Specialty

Russian government found deadly chemicals in German hamburgers. What will keep Russians safest?

• An embargo against German hamburger meat producers

• A tariff on German hamburgers

• A quota on German hamburgers

• Free trade with German hamburger producers

What does this picture represent best?

• Specialization

• Tariff

• Embargo

• Quota

You are on a trip to Germany. You swap your dollars for Euros. Why exchange currency while you are there?

• To buy or sell goods in Germany; they won't take dollars.

• Because dollars are worth the same as other currency

• Because Euros are a great souvenir.