S.S. Tic-Tac-Toe Spider Map

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S.S. Tic-Tac-Toe Spider Map by Mind Map: S.S. Tic-Tac-Toe Spider Map

1. Specialization : Products a country makes best and that are in demand on the world market

2. Trade Barrier: Anything that slows down or prevents one country from exchanging goods with another

3. Embargo: A trade barrier in which one country announces that it will no longer trade with another country in order to isolate and cause problems with that country's economy

4. Quota: A way of limiting the amount of foreign goods that can come into a country

5. Exchange Rate: A system if changing from one type of currency (money) to another

6. Tariff: A tax placed on goods when they are brought into one country from another country