Specialization and Trade
Trade Barriers
Growing Economies
Conflict and Change
Comparing Countries
100
This term describes a country's focus on producing certain goods efficiently to trade with others.
What is specialization?
100
This trade barrier involves taxing imported goods to protect local industries
What is tariff?
100
Countries with higher levels of this often enjoy a better standard of living.
What is literacy rate?
100
Many Latin Americans move to the U.S. in search of better opportunities, contributing to this issue.
What is migration?
100
This country has a literacy rate of nearly 100%, but it doesn't contribute to a high standard of living due to it's communist government.
What is Cuba?
200
This system ensures countries can trade by converting pesos, reais, or dollars into one another.
What is currency exchange?
200
This trade barrier limits the quantity of goods that can be imported or exported.
What is quota?
200
This economic measure is influenced by investments in education and worker training.
What is GDP per capita? (also accepted: human capital)
200
This issue, caused by unequal distribution of wealth, affects education and healthcare.
What is poverty?
200
This country’s abundant coffee and sugar production demonstrate the value of natural resources.
What is Brazil?
300
This trade agreement promotes specialization and reduces trade barriers between Canada, Mexico, and the U.S.
What is USMCA (formerly NAFTA)?
300
This trade restriction completely stops trade with a specific country.
What is embargo?
300
Investments in these, like factories and technology, drive industrial and economic growth.
What are capital goods?
300
This long-standing effort aims to reduce illegal drug production and trafficking in the region.
The War on Drugs
300
Known for its oil industry, this country benefits from trade with the U.S. and Canada
What is Mexico?
400
Countries must exchange this to purchase goods internationally.
What is currency?
400
The US made an embargo with this country because they have a communist government and a command economy.
What is Cuba?
400
___________ contribute to economic growth by taking risks to start businesses.
What are entrepreneurs?
400
Immigrants move to a country because of...
What is a better paying jobs, education opportunities, and higher standard of living
400
Known for its vast Amazon rainforest, this country relies on its natural resources for economic growth.
What is Brazil?
500
Mexico specializes in oil, while Brazil specializes in ________, which allows both countries to benefit from trade.
What is coffee?
500
This is one reason countries use trade barriers.
What is protecting local economies.
500
This economic indicator increases when countries invest in both human and physical capital.
What is GDP?
500
High levels of poverty often lead to this issue, causing families to leave rural areas for cities or other countries.
What is migration?
500
Migration from this country to the United States is often driven by poverty and limited job opportunities.
What is Mexico?