Trade Barriers In General
Tariff
Quota
Embargo
Currency Exchange
100

Trade barriers slow down or _____________ one country from exchanging goods with another country.


PREVENT OR PROMOTE?

What is prevent?

100

A tariff is a ________ placed on goods when they are brought into a country.

What is tax?

100
Quotas limit the amount or ___________ of a good, such as automobiles, that can enter a country.
What is number?
100
An embargo occurs when one country announces it will no longer _________ with another country.
What is trade?
100

Each country has its own money, known as ___________.

What is currency?

200

In times of peace, trade barriers are usually put in place to protect local industries from _________ priced foreign goods.

HIGH OR LOW?

What is low?

200

A tariff is a charge placed on some goods when they are ___________.

What is imported?

200
When there are quotas placed on a product or good by a country, there will be __________ of that good imported. a. more b. less c. the same amount or number
What is less?
200
The purpose of an embargo is to isolate and cause __________ with the economy of another country.
What is problems?
200

A system of exchange must exist between countries, because the __________ of the currency is different from country to country.

VALUE OR VERSION?

What is value?

300

The word "foreign" means from another _____________.

What is country?

300
Tariffs _____________ local manufacturers and producers.
What is protect?
300
Nigeria is a major producer of the valuable liquid mineral ________ and is a member of OPEC?
What is oil?
300
Embargoes usually occur when two countries are having ___________ problems.
What is political?
300

Currencies from countries with ___________ economies are easier to exchange?


STRONG OR WEAK?

What is strong?

400

During times of __________, trade barriers are put in place until the problem is resolved.


CONFLICT OR STABILITY?

What is conflict?

400
In trade barrier economics, the word "local" means the __________ in which goods are imported.
What is country?
400

OPEC wants to limit the amount of oil on the world market so that the _________ will remain high.

What is price?

400

South Africa was embargoed by many U.N. member nations to try to put an end to the ____________ system.

What is apartheid?

400

Currencies from countries with ___________ economies are more difficult to exchange?


STRONG OR WEAK?

What is weak?

500

When trade barriers are created due to political issues between countries, trade is stopped until the issues are __________.


SETTLED OR INFLAMED?

What is settled?

500
"Foreign" countries, in trade barrier economics, means countries that want to ____________ goods to your country.
What is export?
500

OPEC wants to limit the __________ of oil on the world market?

What is supply?

500

In which decade did U.N. member nations begin to trade again with South Africa?

80s  or  90s 

What is the 1990s?

500

The currencies from many African countries are difficult to exchange because of the political unrest and ____________ problems they have experienced.


ECONOMIC OR SOCIAL?

What is economic?

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