Question

Help please !! ill give brainliest

Answer 1

1. Embargo - An official ban or trade or other commercial activity with a particular country.

2. Tariff - Tax on imports.

3. Economic growth - The ability of the economy to increase the production of goods and services.

4. Specialization - Workers concentrate on producing those goods and services for which they have a competitive advantage.

5. Currency exchange rate - The price of one country's currency expressed in terms of another country's currency.

6. Quota - Limitation on imports.

7. Voluntary free trade - An ideal feature of a global economy; it is when each party involved in a trade expects to gain from the trade.

8. Trade barriers - Restrictions placed on trade, for example tariffs and quotas.