Quiz-Trade in Europe

materials that are shipped in from another country

• imports

• exports

• natural resources

• products

materials that are shipped out from the home country to another country

• imports

• exports

• natural resources

• products

refusing to buy from a country without an official embargo

• tariff

• boycott

• quota

• sanction

• trade barrier

a trade barrier that blocks trade with a country

• tariff

• boycott

• quota

• embargo

• trade barrier

a trade barrier that limits imported goods

• tariff

• boycott

• quota

• embargo

• trade barrier

a trade barrier that taxes certain imported or exported goods

• tariff

• boycott

• quota

• embargo

• trade barrier

How should a country produce goods and services to trade?

• Cheaply

• Cost effective and efficiently

• Quickly

• Inefficiently

a market in which buyers and sellers have the right to sell freely

• self-sustaining

• voluntary trade

• specialization

• alliances

What is the purpose of tariffs?

• to protect local markets from cheaper, foreign products

• to punish or raise awareness for a nation that is being aggressive or threatening

• to protect domestic markets form foreign competition

What is the purpose of quotas?

• to protect local markets from cheaper, foreign products

• to punish or raise awareness for a nation that is being aggressive or threatening

• to protect domestic markets form foreign competition