Cross National Agreements

Americas' Agreements

100

NAFTA

What is the North American Free Trade Agreement?

200

DR-CAFTA

What is the Dominican Republic - Central American Free Trade Agreement?

300

The 3 countries involved in NAFTA

What are Canada, Mexico, and The United States of America?

400

Name 2 countries involved in the Dominican Republic - Central American Free Trade Agreement

What are Guatemala, Costa Rica, El Salvador, Nicaragua, Honduras, Dominican Republic, and the US?

500

Name two countries in Mercosur (the Southern Cone Free Trade Area)

What are Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay?

Acronyms For Terms

100

GDP

What is Gross Domestic Product?

200

GNP

What is Gross National Product?

300

BEM

What is Big Emerging Markets?

400

NIC

What is Newly Industrialized Countries?

500

VER

What is Voluntary Export Restraints?

Trade Restrictions

100

A specific unit or dollar limit applied to a particular type of good (increases price of good)

What is a Quota?

200

Taxes imposed by a government on goods entering its borders

What is Tariffs?

300

• Often used in the 1980s is an agreement b/w the importing country and the exporting country for a restriction on the volume of exports.
• Japan’s (Blank) on U.S. automobiles

What is Voluntary Export Restraints?

400

These seek to prevent products manufactured overseas from being sold by foreign firms in the U.S. at less than fair value (Against predatory pricing)

What is Antidumping Penalties?

500

Money can't be traded or converted in foreign exchange markets

What is Blocked Currency?