Global Trade Flashcard

Global Trade Flashcard

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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28 questions

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1.

FLASHCARD QUESTION

Front

What is the process of the world's economies becoming more interconnected?

Back

Globalization

2.

FLASHCARD QUESTION

Front

What is the dollar value of the final goods and services produced in a country's borders in a given year?

Back

Gross Domestic Product (GDP)

3.

FLASHCARD QUESTION

Front

When a country has significant differences in exports vs imports, it is called?

Back

Trade Deficit

4.

FLASHCARD QUESTION

Front

What is the policy that promotes the elimination of trade barriers, such as tariffs and quotas?

Back

Free Trade

5.

FLASHCARD QUESTION

Front

What is a tax on imports that one country imposes on another?

Back

Tariff

6.

FLASHCARD QUESTION

Front

When two countries impose tariffs on each other's goods, usually to force some action, it is called?

Back

Trade War

7.

FLASHCARD QUESTION

Front

What is a refusal to trade with another country?

Back

Embargo

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