A Strained (International) Relationship
The partial or complete prohibition of commerce/trade with a particular country.
Embargo
Goods and services bought from sellers in another nation.
Imports
Safety requirements, product features, and packaging requirements.
The Price of one nation’s currency in terms of another nation’s currency.
Exchange Rate
The host of Jeopardy
Alex Trebek
A Tax on imported goods or services.
Tariff
Limit of the quantity of a product that can be imported or exported.
Quota
Positive Effect of Product Standard
Ensure quality
Consumer can easily determine safety
Positive Effect of an Exchange Rate
Currency Stability.
Investors know worth.
A skeleton's favorite instrument
A trom-bone
Restrictions that prevent free trade among nations
Trade Barriers
Government policy to encourage export of goods and discourage sale of goods on the domestic market.
Export
One positive effect of this vocab term is:
Protect Growing Domestic Firms.
Quotas
Also accepted: Tariffs
Negative Effect of Exchange Rates
Expensive to maintain
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The Blood Vessel
An Example of Trade Barriers
Tariffs
Import Quotas
Export Quotas
Non-Tariff Restrictions (licensing requirements)
Government policy to encourage export of goods and discourage sale of goods on the domestic market.
Export Subsidy
A Negative Effect of a Product Standard
Forces Producers to make product in a certain way.
Can be influenced
When I exchange dollars for a currency worth less than the one I'm getting back.
"Shorting the Dollar"
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GRAINS!
The United States first imposed an embargo on the sale of arms to this country on March 14, 1958
Cuba
A product used to produce a final product
Intermediate Good or Service
oversees the regulation of consumer product standards.
Consumer Products Safety Commission
Exchange rate from the U.S. to Euro
1 Dollar = .8774 Euro
Exchange Rate of the US Dollar to the Kazakhstani Tenge
1 Dollar = 366.67 Tenge