International Economics

International Economics

Assessment

Flashcard

Other

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

The ability of one person or nation to produce more of a good than another person or nation

Back

Absolute advantage

2.

FLASHCARD QUESTION

Front

The use of trade barriers to protect a nation’s industries from foreign competition

Back

Protectionism

3.

FLASHCARD QUESTION

Front

Exports minus imports or how many goods a country exports versus imports

Back

Balance of Trade

4.

FLASHCARD QUESTION

Front

A regional trade organization made up of European nations: NAFTA, EU, ASEAN, CARICOM

Back

EU

5.

FLASHCARD QUESTION

Front

Agreement that will eliminate all tariffs and other trade barriers between Canada, Mexico, and the US

Back

NAFTA

6.

FLASHCARD QUESTION

Front

Limit of the amount of a good that can be imported

Back

Quota

7.

FLASHCARD QUESTION

Front

A good that is sent to another country for sale

Back

export

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