Bartering is trading without money.

An economy who's supply and demand isn't controlled by the government.

A tax of 15% makes jewelry from Mexico more expensive than jewelry make in the United States.This is an example of which trade barrier?

When supply and price are controlled by the government instead of market it is called a

A tariff is a tax on imports or exports of products.

Korea may export only 15,000 automobiles a year to the United States. This is an example of which trade barrier?

A system of production and exchange of goods

A competition is when sellers compete for dollars.

Any arrangement that allows sellers to exchange goods or services

Incentive is expected results that make people act in a different manner.

Who can produce whatever they want

Government controls what to produce in what system

who can purchase whatever they want

Free Market can allow greater

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