Europe Trade Vocab Review

the exchange of goods and services

• trade

• barriers

• exchange rate

something that restricts you from doing something

• barrier

• embargo

• currency

focusing on one job or making one product really well

• Focus

• Tariff

• specialization

a ban on trade

• trade barrier

• embargo

• trade deficit

taxes placed on imported goods

• tariffs

• exports

• specialization

restrictions on the amount of a good that can be imported into a country

• quota

• embargo

• tariff

something assigned value to purchase goods and services in a market

• currency

• change

• money

what the currency of a nation is worth in terms of another country's currency

• currency

• currency exchange rate

• taxes