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Algeria makes nearly all of its export earnings from oil and gas. This is an example of
specialization.
an embargo.
Each country produces the goods it is able to make most efficiently.
reduction in tariffs
It tells you how much your currency is worth in countries using different currencies.
eliminate trade barriers
removing trade barriers between nations.
tariff.
During the years of apartheid, some African nations refused to buy products from South Africa. This was an example of
specialization.
an embargo.
Each country produces the goods it is able to make most efficiently.
reduction in tariffs
It tells you how much your currency is worth in countries using different currencies.
eliminate trade barriers
removing trade barriers between nations.
tariff.
A tax on imports is called
specialization.
an embargo.
Each country produces the goods it is able to make most efficiently.
reduction in tariffs
It tells you how much your currency is worth in countries using different currencies.
eliminate trade barriers
removing trade barriers between nations.
tariff.
Which of the following is true of the currency exchange rate?
specialization.
an embargo.
Each country produces the goods it is able to make most efficiently.
reduction in tariffs
It tells you how much your currency is worth in countries using different currencies.
eliminate trade barriers
removing trade barriers between nations.
tariff.
Which is the BEST description of “specialization”?
specialization.
an embargo.
Each country produces the goods it is able to make most efficiently.
reduction in tariffs
It tells you how much your currency is worth in countries using different currencies.
eliminate trade barriers
removing trade barriers between nations.
tariff.
Members of the African Union (AU) hope to increase trade in Africa. One way they hope to achieve this goal is by
specialization.
an embargo.
Each country produces the goods it is able to make most efficiently.
reduction in tariffs
It tells you how much your currency is worth in countries using different currencies.
eliminate trade barriers
removing trade barriers between nations.
tariff.
Members of the African Union (AU) believe that more trade can help Africa’s economies grow. Which of the following is a main goal of the African Union?
specialization.
an embargo.
Each country produces the goods it is able to make most efficiently.
reduction in tariffs
It tells you how much your currency is worth in countries using different currencies.
eliminate trade barriers
removing trade barriers between nations.
tariff.
Which of the following is NOT a trade barrier?
specialization.
an embargo.
Each country produces the goods it is able to make most efficiently.
reduction in tariffs
It tells you how much your currency is worth in countries using different currencies.
eliminate trade barriers
removing trade barriers between nations.
tariff.
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