study material for economics vocab ch 17 - Ponder
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| most favored nation clause | show 🗑
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| show | system under which the price of one currency remains unchanged in relation to the value of another currency
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| show | tax on imports designed to protect less efficient domestic industries
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| trade surplus | show 🗑
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| show | agreement among Canada, Mexico, and the United States to reduce tariffs
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| exports | show 🗑
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| show | selling products abroad at less than it costs to produce them
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| free traders | show 🗑
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| absolute advantage | show 🗑
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| tariff | show 🗑
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| trade-weighted value of the dollar | show 🗑
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| comparative advantage | show 🗑
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| World Trade Organization (WTO) | show 🗑
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| show | limit on the quantity of a product that may be imported
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| show | foreign currency used for international trade
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| show | when the value of products imported exceeds the value of products exported
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| show | difference between the money a country pays to and receives from other countries
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| show | tax placed on imported goods that will generate revenue without prohibiting imports
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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