Governments
This is a group of people who run a country and make laws.
What is a government?
This happens when countries exchange goods and services.
What is trade?
This happens when countries buy and sell goods to each other.
What is trade?
In this type of government, people vote for their leaders.
What is a democracy?
This trade barrier is a tax placed on imported goods.
What is a tariff?
Goods brought into a country are called these.
What are imports?
In this government, one person has all the power.
What is autocracy?
Trade barriers can make imported goods cost this.
What is more expensive?
Goods sent to other countries are called these.
What are exports?
In this system, a king or queen rules, often with limited power today.
What is a monarchy?
This trade barrier is used when a country wants to limit the number of foreign goods coming into the country.
What is a quota?
Decisions about trade can affect jobs, prices, and this overall system.
What is the economy?
What is the main difference between the UK's government and Russia's government?
the UK is a parliamentary democracy where people indirectly vote for their leader, but Russia has a presidental democracy where the people directly vote for their leader, who is president
If trade barriers are too high, countries may trade this much less.
What is goods or products?
Trade barriers can reduce competition from these.
Who are foreign companies?