Which term refers to the type of buying and selling that takes place within a country?
(1 point)
Responses
free trade
free trade
international trade
international trade
productivity
productivity
domestic trade
domestic trade
domestic trade
Why do countries trade goods and services?
(1 point)
Responses
because they want to reduce interdependence
because they want to reduce interdependence
because they do not have all the goods and resources they need
because they do not have all the goods and resources they need
because they want to help other countries grow
because they want to help other countries grow
because they want to protect domestic industries from competition
because they do not have all the goods and resources they need.
Which of the following is a way to increase economic development?
(1 point)
Responses
raising taxes
raising taxes
investing in education
investing in education
limiting trade
limiting trade
lowering wages
investing in education
Which of the following are examples of trade barriers? Select the three correct answers.
(1 point)
Responses
advantages
advantages
tariffs
tariffs
embargoes
embargoes
quotas
quotas
comparatives
tariffs, embargoes, quotas
Which of the following geographic features would most likely have a negative impact on the trade of a country?
(1 point)
Responses
rivers
rivers
irregular coastline
irregular coastline
plains
plains
mountains