Vocabulary List 2- Pre-assessment of your knowledge of the definitions to the economic vocabulary terms.

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Vocabulary List 2- Pre-assessment of your
knowledge of the definitions to the economic
vocabulary terms.

• Write the letter to the left of the term you are
  sure that it is correct. Write it on the right of
  the word if you are not sure.

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Words to own

• Trade barriers
• Tariffs
• Quotas
• Embargos
• Currency
• Currency exchange

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A.

• The share or proportional part of a total that is
  required from, or is due or belongs to, a
  particular district, state, person, group, etc.

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B.

• Any law or practice that a government uses to
  limit free trade between countriesit could be a
  political or military obstacle to trade
• by nature or people. It could also be a
  geographical barrier, such as deserts or rivers.

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C.

• to replace with an equivalent of another form of
  money.

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D.

• A fee imposed by a government on imported goods.

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E.

• An order of a government prohibiting the movement
  of merchant ships into or out of its ports.

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F.

• Money used as a form of exchange.