The student will analyze the benefits of and barriers to voluntary trade in Europe. Compare and contrast different types of trade barriers such as tariffs, quotas, and embargoes. Explain why international trade requires a system for exchanging currencies between nations
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Q 1/11
Score 0
refusal to purchase a good/service from a specific company or country
30
quota
embargo
tariff
boycott
Q 2/11
Score 0
the factories, machinery, technology, etc. that are necessary to sustain a service or industry
30
capital goods
sanction
tariff
human capital
11 questions
Q.
refusal to purchase a good/service from a specific company or country
1
30 sec
SS6E6
Q.
the factories, machinery, technology, etc. that are necessary to sustain a service or industry
2
30 sec
Q.
a nation's money
3
30 sec
Q.
block all trade with another nation; may be employed for safety reasons, but is more frequently used to PUNISH rogue (a person or thing that behaves in an aberrant, faulty, or unpredictable way) states.
4
30 sec
Q.
the knowledge, skills, and relative health of a nation's labor force
5
30 sec
Q.
focusing on a narrow range of products/services that can be produced most efficiently and cost-effectively
6
30 sec
Q.
a trade barrier which places a limit on imported goods
7
30 sec
Q.
a trade barrier which places a tax on imported goods
8
30 sec
Q.
trade in which both partners freely agree to and benefit from the exchange of good/services
9
30 sec
Q.
the common currency of most European Union member states.
10
30 sec
Q.
converting one nation's money into an equivalent value/quantity of another's
