Trade Barriers
Complete and total ban on trade.
WHat is an embargo?
They trade what they have a plenteous amount of for something they have few of.
How does specialization help trade and economies?
China's economy
Mixed
Only presidential democracy in SEA
South Korea
Added taxes on imported goods.
What is a tariff?
Important for trade between two different countries.
Explain currency exchange in one sentence.
North Korea's economy
Command
India's executive branch
Prime minister, president
Japan limits the amount of fruit imported from India.
Quota
Japan lacks in agriculture.
Why has Japan moved into technology production?
Citizens
Who has most control in South Korea's economy?
This country's legislative branch is the Legislature National Assembly.
South Korea
Spain adds a new tax on all apple imports from Germany.
Tariff
An amount that one country's currency in another's.
Exchange rate
Fastest growing economy is the world.
China
Autocracy, but also goes by communist state.
China
The U.S. has threatened to stop trade with China in the past.
Embargo
Specialization.
Countries producing the plenteous mount of goods or services available to them.
53% free
47% command
India
Both violate basic human rights and take many if not all freedoms away.
China and North Korea