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A tax on imports is called
It tells people how much their currency is worth in other countries.
They are the countries that establish how oil is to be used around the world.
eliminate trade barriers
specialization.
a tariff.
reduction in tariffs
tariff
tariff.
When a country charges a tax on imported goods, this is known as
It tells people how much their currency is worth in other countries.
They are the countries that establish how oil is to be used around the world.
eliminate trade barriers
specialization.
a tariff.
reduction in tariffs
tariff
tariff.
Which explains the primary function of the Organization of Petroleum Exporting Countries (OPEC)
It tells people how much their currency is worth in other countries.
They are the countries that establish how oil is to be used around the world.
eliminate trade barriers
specialization.
a tariff.
reduction in tariffs
tariff
tariff.
Nigeria has a new industry that builds tractors for agriculture. To protect this new industry from competition by lower priced foreign built tractors the Nigerian government would use what type of economic trade barrier to raise the price of imported
It tells people how much their currency is worth in other countries.
They are the countries that establish how oil is to be used around the world.
eliminate trade barriers
specialization.
a tariff.
reduction in tariffs
tariff
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?
It tells people how much their currency is worth in other countries.
They are the countries that establish how oil is to be used around the world.
eliminate trade barriers
specialization.
a tariff.
reduction in tariffs
tariff
tariff.
Which of the following is NOT a trade barrier?
It tells people how much their currency is worth in other countries.
They are the countries that establish how oil is to be used around the world.
eliminate trade barriers
specialization.
a tariff.
reduction in tariffs
tariff
tariff.
Which statement BEST describes how the currency exchange helps international trade?
It tells people how much their currency is worth in other countries.
They are the countries that establish how oil is to be used around the world.
eliminate trade barriers
specialization.
a tariff.
reduction in tariffs
tariff
tariff.
Nigeria makes 80% of its export earnings from the sale of oil and gas. This is an example of
It tells people how much their currency is worth in other countries.
They are the countries that establish how oil is to be used around the world.
eliminate trade barriers
specialization.
a tariff.
reduction in tariffs
tariff
tariff.
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