Unit 7: Voluntary Trade

_____ _____ occurs when countries choose to exchange goods with one another.

• Voluntary tarriff

• Voluntary quota

• Voluntary trade

• Voluntary ban

Countries _____ goods because no country has all the resources they need to make the things that their citizens need.

• trade

• ban

• throw away

• burn

Focusing on a specific skill, activity, or production process is called _____.

• specialized

• special processes

• specials

• specialization

These cartoon characters are _____.

• laughing

• sitting

• runnning

• dancing

Countries _____ in what they do best, and then they _____ for the goods and services another country produces more efficiently.

• specialize / ban

• specialize / trade

• specialize / take

• specialize / quota

To get goods or services that a country can NOT produce, countries around the world _____ with one another.

• fight

• trust

• trade

• share

Specialization _____ the cost of items that are produced.

• lowers

• raises

• raises

• lowers

A synonym for produce is _____.

*Example: People use natural resources to produce the things they need.

• fruits and vegetables

• making

• made

• make

When a country specializes in goods and services, it leads to _____.

• quota

• produce

• trade

• barriers

Many African nations specialize in _____ or _____.

• forests / agriculture

• mining / agriculture

• farming / agriculture

• shipping / agriculture