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Business and Trade Flashcard

Business and Trade Flashcard

Assessment

Flashcard

Geography

6th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the capacity of private citizens to create new businesses independent of government direction called?

Back

Entrepreneurship

2.

FLASHCARD QUESTION

Front

What is the estimated total value of all final goods and services produced in a nation in a year called?

Back

Gross Domestic Product

3.

FLASHCARD QUESTION

Front

What are trade barriers?

Back

Anything that slows down or prevents trade between countries

4.

FLASHCARD QUESTION

Front

What is a tax placed on goods coming into a country to protect domestic industry called?

Back

Tariff

5.

FLASHCARD QUESTION

Front

What is the goal of an embargo?

Back

To punish another country by suspending trade

6.

FLASHCARD QUESTION

Front

What is the common currency of most European Union member states?

Back

Euro

7.

FLASHCARD QUESTION

Front

Which of the following is NOT a trade barrier? Tariff, Embargo, Free enterprise, Quota

Back

Free enterprise

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