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Voluntary Trade

Published on Nov 18, 2015

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1.

Voluntary Trade

Malerie Brooks
2.

specialization

-Pursuing a particular line of study or work.
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3.

Interdependance

Mutually reliant on each other.
4.

Interdependance

Examp. Plants might compete for space and sunlight.
5.

Specialization encourages trade between countries because one country might trade with another countries to get better resources than their competition.

6.

Physical Trade barriers

7.

Untitled Slide

  • Mountains
  • Desserts
8.

Political Trade Barriers

9.

Tariff

Taxes put on imported goods.
10.

Quota

A limited or fixed number or amount of people or things.
11.

Embargo

Ban or trade on imported goods.
12.

Currency

Paper or coins that represent a counrty.
13.

International Trade

Exchange of capital, goods, and services across international borders.
14.

So that it is possible to buy and sell goods between nations with different types of money.

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