Goods and services produced in other countries (foreign producers) and sold domestically (at home)
International Trade

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•
Social Studies
•
10th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
import
2.
FLASHCARD QUESTION
Front
Goods and services produced domestically and sold in other countries.
Back
export
3.
FLASHCARD QUESTION
Front
The characteristic of a society in which people rely on others for most of the goods and services they want.
Back
Economic Interdependence
4.
FLASHCARD QUESTION
Front
The policy of eliminating barriers to international trade allows goods and services to move more across borders.
Back
Free Trade
5.
FLASHCARD QUESTION
Front
The policy of erecting trade barriers to shield domestic markets from foreign competition.
Back
Protectionism
6.
FLASHCARD QUESTION
Front
A tax on imported goods designed to protect domestic producers from foreign competition; a type of trade barrier.
Back
Protective Tariff
7.
FLASHCARD QUESTION
Front
A limit on the quantity of a good that can be imported during a specific period of time; a type of trade barrier.
Back
Import Quota
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