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3 votes
Match the term from the right with the example on the left.

Tariff, Invisible Hand, Free Trade, Protectionism, Division Of Labour.

1. A factory in Mexico produces car parts that are shipped to an assembly plant in Canada. The cars produced in Canada are sold to dealerships in Mexico. No taxes or import duties are charged by either government.
2. handicrafts at his store. Another person set up an ice cream stall nearby. Then, a mechanic started a small business.
3. Jerry and Omar started their own business manufacturing garden sheds. Omar builds the sheds and Jerry sells them.
4. Canada produces much softwood lumber. When this lumber is purchased in the United States, the US government charges an additional 11% to the company that is shipping the product into the United States.
5. Bananas are the world's most traded fruit. For years, Latin American banana producers paid hundreds of dollars per tonne to the governments of the countries of Europe. European governments wanted to support their own fruit growers by discouraging people from buying bananas by making bananas more expensive than European fruits.

User Otunba
by
8.0k points

1 Answer

5 votes

Answer:

1. Free Trade

2. Division Of Labour

3. Invisible Hand

4. Tariff

5. Protectionism

User Aniyah
by
7.8k points
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