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Why did a number of the countries of the United Nations have an embargo on South Africa?
oil production
a halt to trade with a particular country for economic or political reasons
They wanted South africa to end its system of apartheid.
It encourages specialization and usually means more profit.
Agriculture has suffered greatly and now Nigeria must import food.
gold and diamond mining
A tax placed on goods coming into one country from another
Specialization allows people to do a more efficient job at producing what they make best.
What is a tariff?
oil production
a halt to trade with a particular country for economic or political reasons
They wanted South africa to end its system of apartheid.
It encourages specialization and usually means more profit.
Agriculture has suffered greatly and now Nigeria must import food.
gold and diamond mining
A tax placed on goods coming into one country from another
Specialization allows people to do a more efficient job at producing what they make best.
How has Nigeria's concentration on oil hurt that country's overall economy?
oil production
a halt to trade with a particular country for economic or political reasons
They wanted South africa to end its system of apartheid.
It encourages specialization and usually means more profit.
Agriculture has suffered greatly and now Nigeria must import food.
gold and diamond mining
A tax placed on goods coming into one country from another
Specialization allows people to do a more efficient job at producing what they make best.
Nigeria specializes in ____________
oil production
a halt to trade with a particular country for economic or political reasons
They wanted South africa to end its system of apartheid.
It encourages specialization and usually means more profit.
Agriculture has suffered greatly and now Nigeria must import food.
gold and diamond mining
A tax placed on goods coming into one country from another
Specialization allows people to do a more efficient job at producing what they make best.
Why is specialization so valuable in international trade today?
oil production
a halt to trade with a particular country for economic or political reasons
They wanted South africa to end its system of apartheid.
It encourages specialization and usually means more profit.
Agriculture has suffered greatly and now Nigeria must import food.
gold and diamond mining
A tax placed on goods coming into one country from another
Specialization allows people to do a more efficient job at producing what they make best.
South Africa specializes in _________
oil production
a halt to trade with a particular country for economic or political reasons
They wanted South africa to end its system of apartheid.
It encourages specialization and usually means more profit.
Agriculture has suffered greatly and now Nigeria must import food.
gold and diamond mining
A tax placed on goods coming into one country from another
Specialization allows people to do a more efficient job at producing what they make best.
How does voluntary trade help the economy?
oil production
a halt to trade with a particular country for economic or political reasons
They wanted South africa to end its system of apartheid.
It encourages specialization and usually means more profit.
Agriculture has suffered greatly and now Nigeria must import food.
gold and diamond mining
A tax placed on goods coming into one country from another
Specialization allows people to do a more efficient job at producing what they make best.
What is an embargo?
oil production
a halt to trade with a particular country for economic or political reasons
They wanted South africa to end its system of apartheid.
It encourages specialization and usually means more profit.
Agriculture has suffered greatly and now Nigeria must import food.
gold and diamond mining
A tax placed on goods coming into one country from another
Specialization allows people to do a more efficient job at producing what they make best.
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