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

A tax on imports is called

Which statement BEST describes how the currency exchange helps international trade?

Most African nations depend on foreign trade with many nations to provide things which are not made in their country. Which of these makes foreign trade with many nations easier?

The U.S. refusal to sell weapons to Sudan is an example of

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?

Members of the African Union (AU) hope to increase trade in Africa. One way they hope to achieve this goal is by

What is one important benefit of the currency exchange rate?

A ban on trade with a certain country is called

Which is the BEST description of “specialization”?

Which of the following is true of the currency exchange rate?

What is the purpose of a currency exchange rate?

During the years of apartheid, some African nations refused to buy products from South Africa. This was an example of

Nigeria makes 80% of its export earnings from the sale of oil and gas. This is an example of

Which of the following is NOT a trade barrier?

Algeria makes nearly all of its export earnings from oil and gas. This is an example of

When a country charges a tax on imported goods, this is known as

Saudi Arabia specializes in the production and export of

Why would one country place an embargo another?

Which explains the primary function of the Organization of Petroleum Exporting Countries (OPEC)

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