For each term, identify one example among the items listed.

bilateral trade balance, trade embargo, free trade area, import quota, off shoring, trade war.

A. in the 1980s the US limited the number of cars at Japanese auto makers could sell in the US.

B. 27 European countries have established a region in which there are few if any barriers to trade.

C. Apple assembles it's iPhones in China then sells them in other parts of the world

D. in 2018 the US imported 419.2 billion more in goods and services from China then exported to China

E. In 1962 the US implemented a complete cessation of trade with Cuba

F. in recent years the US and China have taken turns imposing additional trade barriers on one another.

Bilateral trade balance Trade embargo Free-trade area Import quota Offshoring Trade war Answer Bank A. In the 1980s, the U.S. limited the number of cars that Japanese auto makers could sell in the U.S. B. Twenty-seven European countries have established a region in which there are few, if any, barriers to trade C. Apple ussembles its iPhones in China, then sells them in other parts of the world. D. In 2018, the U.S. imported $419.2 billion more in goods and services from China than it exported to China, E. In 1962, the US implemented a complete cessation of trade with Cuba. F. In recent years, the US and China bave taken turns imposing additional trade barriers on one another