SS6E8 The Purpose of the European Union & SS6E8 Voluntary Trade

What organization was formed to encourage free trade specifically among European nations?

• North American Free Trade Agreement
• World Trade Organization
• North Atlantic Treaty Organization
• European Union

What is a benefit of joining the European Union?

• Not having tariffs among member nations has led to improved trade
• Citizens can move freely among member nations in order to find better jobs.
• The EU's strict policies have helped some countries improve their environment.
• All of the above are benefits of joining the European Union.

Which vocabulary word is being described?

• Specialization
• Currency Exchange
• Tariff
• Quota
• Exchange Rate

Which vocabulary word is being described?

• Tariff
• Specialization
• Currency Exchange
• Quota
• Exchange Rate

Which vocabulary word is being described?

• Quota
• Specialization
• Currency Exchange
• Tariff
• Exchange Rate

The countries in blue are part of the Eurozone and do not have to exchange currencies because they all use the same one. What is this currency called?

• dollar
• pound
• krone
• euro
• franc

Which vocabulary word is being described?

• Embargo
• Specialization
• Currency Exchange
• Tariff
• Quota

The European Union placed an arms embargo on which country after it invaded and annexed a part of Ukraine in 2014?

• The country at Letter A
• The country at Letter B
• The country at Letter C
• None of the above

Charlotte is buying a necklace that costs 90 British pounds. How much is this in US dollars? Use the exchange rate chart below to determine the answer.

• 114.30 US dollars
• 99.90 US dollars
• 13.5 US dollars
• 1.80 US dollars

Tariffs and quotas are alike because they both:

• completely stop trade between countries.
• restrict or limit trade between countries.
• increase fair trade between countries.
• make trade easier between countries.