Trade Barriers & Currency Exchange

Countries are able to _ the goods that they specialize in.

• import

• block

• export

• produce

Tags

CCSS.RI.6.2

CCSS.RI.7.2

CCSS.RL.6.1

CCSS.RL.6.2

CCSS.RL.7.1

A tariff is a _ on imported goods.

• price

• tax

• limit

• ban

Tags

CCSS.RI.5.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RL.5.4

CCSS.RL.6.4

This occurs when a country focuses its resources on the production of a limited variety of goods and services.

• trade

• specialization

• currency exchange

• embargo

The United States placed a ban on trading with Cuba following certain events in the 1960s.

• embargo

• quota

• tariff

• specialization

An embargo is a complete _ on trading.

• choice

• limit

• tax

• ban

Tags

CCSS.L.5.4B

CCSS.L.6.1E

The amount that one country's currency is worth in comparison to another country's currency:

• quota

• economic value

• currency exchange rate

• specialization

Brazil and Cuba _ in sugar production.

• trade

• import

• specialize

• embargo

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.K.5A

If you are traveling to Brazil, you will need to convert your U.S. dollars to:

• pesos

• reals

• yen

• euros

When people convert currency from one country's currency to another, it is called:

• trade agreement

• global pricing

• currency exchange

• banking

A quota is a _ on imported goods.

• ban

• tax

• limit

• value

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4