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WorksheetsSEM II 1.05 Vocabulary
Total questions: 10
Worksheet time: 10mins
Tariff
A government order that limits trade in some way
A tax on goods coming into or leaving a country
Resources (people, raw materials, energy, information or money) used to reach a desired output.
A limit on the quantity of a good that can be produced abroad and sold domestically
A government order that limits trade in some way
Tariff
Quotas
Embargoes
Licenses
Quotas
A limit on the quantity of a good that can be produced abroad and sold domestically
A tax on goods coming into or leaving a country
Permits that a nation grants to businesses that want to import or export goods. Some nations limit the number of licenses they grant.
A government order that limits trade in some way
Licenses
A government order that limits trade in some way
A limit on the quantity of a good that can be produced abroad and sold domestically
A tax on goods coming into or leaving a country
Permits that a nation grants to businesses that want to import or export goods. Some nations limit the number of licenses they grant.
Trade Restrictions
Permits that a nation grants to businesses that want to import or export goods.
A restriction placed on the trade of goods/services between countries.
A tax on goods coming into or leaving a country
A government order that limits trade in some way
The price of one country’s currency expressed in another country’s currency.
Tariff
Embargoes
Exchange Rates
Quotas
Resources used to reach a desired output. For example, people, raw materials, energy, information or money.
Input
Output
Tariff
Globalization
Output
Resources (people, raw materials, energy, information or money) used to reach a desired output.
The price of one country’s currency expressed in another country’s currency.
The rapid and unimpeded flow of capital, labor, and ideas across national borders.
Quantity of goods or services produced in a given time by a country; the result of an economic process that has used inputs to produce a good/service that can be sold or used elsewhere.
The rapid and unimpeded flow of capital, labor, and ideas across national borders.
Input
Output
Industrialization
Globalization
Industrialization
Resources used to reach a desired output.
The change over from producing goods by hand labor to the use of machines and the organization of such production into industries.
The rapid and unimpeded flow of capital, labor, and ideas across national borders.
Quantity of goods or services produced in a given time by a country.
