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Saudi Arabia specializes in the production and export of
It makes international trade possible.
eliminate trade barriers
an embargo.
tariff.
reduction in tariffs
an embargo.
oil.
specialization.
What is one important benefit of the currency exchange rate?
It makes international trade possible.
eliminate trade barriers
an embargo.
tariff.
reduction in tariffs
an embargo.
oil.
specialization.
A tax on imports is called
It makes international trade possible.
eliminate trade barriers
an embargo.
tariff.
reduction in tariffs
an embargo.
oil.
specialization.
During the years of apartheid, some African nations refused to buy products from South Africa. This was an example of
It makes international trade possible.
eliminate trade barriers
an embargo.
tariff.
reduction in tariffs
an embargo.
oil.
specialization.
A ban on trade with a certain country is called
It makes international trade possible.
eliminate trade barriers
an embargo.
tariff.
reduction in tariffs
an embargo.
oil.
specialization.
Which of the following is NOT a trade barrier?
It makes international trade possible.
eliminate trade barriers
an embargo.
tariff.
reduction in tariffs
an embargo.
oil.
specialization.
Nigeria makes 80% of its export earnings from the sale of oil and gas. This is an example of
It makes international trade possible.
eliminate trade barriers
an embargo.
tariff.
reduction in tariffs
an embargo.
oil.
specialization.
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 makes international trade possible.
eliminate trade barriers
an embargo.
tariff.
reduction in tariffs
an embargo.
oil.
specialization.
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