SSE7 Quiz

What is the best definition of a tariff?

• Income tax

• Federal Tax

• Sales Tax

• Tax on an imported good

A trade barrier that limits imported goods

• Tariff

• Quota

• Boycott

• Embargo

A trade barrier that taxes certain imported or exported goods

• Quota

• Sanction

• Embargo

• Tariff

An action that slows or blocks the exchange of goods and or services between countries

• Trade barrier

• Quota

• Tariff

• Sanction

A trade barrier that blocks trade with a country

• Quota

• Boycott

• Embargo

• Tariff

An economic system that combines different aspects of the economic models

• Market economy

• Mixed economic system

• command economy system

• Supply and

Nations with higher standard of living typically __________in their education

• Promote

• Invest

• Pay for

• Trade

Which type of government is one in which the citizens have power?

• Capitalism

• Socialism

• Democratic

• Autocratic