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Chapter 26-27 Review Flashcards | StudBud
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Chapter 26-27 Review
Chapter 26-27 Review
10 terms
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StudBud Administration
WWT-McGrath
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
true/false: a limit placed on the quantities of a product that can be imported is a quota
False
True
2
what are some human rights?
all of the above
Right to Education
Right to Equality
Freedom of Belief and Religion
3
what is a trade deficit?
when they are equal
when you get nothing
when a country's imports exceed its exports during a given time period
when a country's exports exceed its imports during a given time period
4
what is it when a country specializes in a certain product and then it ends up at a lower cost
specialization
globalization
comparative advantage
communism
5
what is a synonym to tax (on imports)?
tariff
NAFTA
quota
United Nations
6
true/false: when a country is less developed than others it is a developed country
False
True
7
what is exchange rate?
price of your nations currency in terms of another nations currency
food
gas
money
8
who does NAFTA let the United States trade with?
italy and greece
mexico and europe
mexico and canada
china and canada
9
what economy is it when both the people and the government have a say?
command economy
wonderful economy
mixed economy
market economy
10
when you bring things into your country from a surrounding country you are...
exporting
gifts
importing
giving food
