Vocabulary Terms
Define the term exports.
Goods that are sold to another country
What is the capital of Delaware?
This is a filler question.
Dover
Define the term tariff.
Tax on imported goods
The United States government required all food factories to clean their floors daily.
This is an example of what trade barrier?
Product Regulation
Goods bought from another country
Who were the fertilizer men?
Define the term embargo
When one country refused to trade with another country
The Canadian government places a 25% tax on all cotton from France.
This is an example of what trade barrier?
Tariff
In which city was most meat processed during the 19th century?
This is a filler question.
Chicago
Define the term specialization.
The process by which countries become experts at making select goods
Define the term quota
Limit on imported goods
England will only buy 25,000 cars from Italy in 2025.
This is an example of what trade barrier?
Quota
Who is the author of "The Jungle"?
Upton Sinclair
What is the capital of the United States?
This is a filler question.
Washington DC
Define the term product regulation.
Laws dealing with the production, packaging & shipping of manufactured goods
Greece refuses to trade with North Korea.
This is an example of what trade barrier?
Embargo
Define the term interdependence.
The theory that people must depend on one another to get everything they need and want.
What is the capital of New Zealand?
This is a filler question.
Wellington
Define the term subsidies
Government money given to industries to produce a good
The European Union gives money to farmers to produce potatoes.
This is an example of what trade barrier?
Subsidies