leaving cert business international trade

A trade agreement between 27 countries of with the same currency and open trade between those nations.

• NAFTA
• EU
• WTO
• ABC

A trade agreement between Canada, Mexico, and the US

• NAFTA
• EU
• WTO
• ABC

All of the following are terms used to describe limitations on trade except?

• Trade Barriers
• Sanctions
• Trade restrictions
• EU

This trade barrier limits the number of products that can be brought into a country.

• Tariff
• Quota
• Embargo
• Subsidy

This is a tax on imports that is used to increase price of foreign products and raise government revenue. 

• tariff
• quota
• subsidy
• embargo

This is the most restrictive of the trade restrictions a nation can use to close off all importation of a product.

• tariff
• quota
• subsidy
• embargo

Infant industries can be helped in the world market by giving those industries a 

• subsidy
• quota
• embargo
• tariff

Setting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called?

• Tariff
• Embargo
• Quota
• Deal

___________ is a tax that a government places on certain imported products

• Tariff
• Embargo 
• Quota
• Deal

Stopping the export and import of a product is known as?

• Tariff
• Embargo
• Quota
• Deal