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Learning Economic Terms

posted Mar 25, 2014, 7:06 PM by Unknown user
by Kanak and Serena

 SS7E2 The student will explain how voluntary trade benefits buyers and sellers in Africa
a. Explain how specialization encourages trade between countries.
b. Compare and contrast different types of trade barriers, such as tariffs, quotas and embargoes.
Explain why international trade requires a system for exchanging currencies between nations.