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Europe's Voluntary Trade - Trade Barriers (Part 2) Flashcards | StudBud
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Europe's Voluntary Trade - Trade Barriers (Part 2)
Europe's Voluntary Trade - Trade Barriers (Part 2)
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Answers
1
What trade barrier makes trade difficult with Italy and Switzerland?
The Alps Mountains
The Ural Mountains
The Pyrenees Mountains
The English Channel
2
Which is NOT a reason why countries set up trade barriers?
They wanted to produce their own goods.
They were trying to trade with every country on earth.
They wanted to sell their own goods in their own country.
They wanted to restrict trade.
3
What does the European Union (EU) place a quota on?
Steel
Bananas
Petroleum (oil)
Iron Ore
4
Which is NOT a trade barrier?
tariffs
quotas
embargoes
currency
5
Quotas limit the amount of goods, but this causes prices to
fall.
rise.
6
Trade Barriers can be natural or man-made.
False
True
7
Tariffs make imported goods...
free
more expensive
less important
cheaper
8
Which is NOT an example of a natural trade barrier?
Mountain ranges
Bodies of water
Clouds
Rainforests
Deserts
9
Tariffs protect a country from ___ competition.
foreign
advanced
secret
domestic
10
The European Union has placed an embargo on which country?
Canada
The United States
Iran
Germany
11
What is Italy and Switzerland doing to solve this problem?
They are building tunnels through the mountains.
They are creating an airlift to drop off packages by air.
They are deciding to stop all trade between them.
They are building an airport between the mountains.
12
Why did the EU place an embargo on Iran?
They thought that weapons were going to be used to trade with Russia.
They thought that weapons were being used to trade with Israel.
They thought that weapons were being used to make nuclear weapons.
They thought that weapons were being used on children in their own country.
13
In an embargo, a country ____ trade with another country.
allows
forbids (does not allow)
14
Political trade barriers are passed by the ____ to regulate trade.
government
people (citizens)
15
Which trade barrier restricts the AMOUNT of a good that can be imported?
Embargo
Quota
Communism
Tariff
16
Tariffs are ______ placed on imported goods.
laws
rules
quotas
taxes
