Quizizz 2/28 - 3/4

when a government refuses to trade with a country or a certain part of a country. This is usually because of a political problem inside the country.

• tariff

• embargo

• free trade

• trade barrier

an action that is taken to force a country to obey international laws by limiting or stopping trade with that country, by not allowing economic aid for that country

• sanction

• free trade

• market economy

when a government limits the amount of an imported product (ex: only 50,000 cars can be imported in the year 2022)

• market

• quota

• embargo

• tariff

a tax placed on an imported good, making it more expensive

• quota

• embargo

• tariff

• market

method of production when a person or group focuses on a specific job or product, rather than completing all steps of production themselves, improves efficiency

• tariff

• specialization

• market

• embargo

Trade agreement between the US, Mexico, and Canada in 1994 that removed all tariffs between these countries, creating a free trade zone

• Market Agreement

• United Nations

• NAFTA

• NATO

trade deal that replaced the North American Free Trade Agreement (NAFTA) between the countries of Mexico, US, and Canada in 2020

• United Nations

• USMCA

• NAFTA

• NATO

the act of refusing to buy, or engage the services of an organization or person

• quota

• embargo

• boycott

• sanction