International Markets
In the six vignettes we watched, what product was being manufactured?
T-shirts
Who are our two primary trading partners
Canada and Mexico
What is the shorthand for foreign exchange?
ForEx
Why is Colorado low in international trade?
Land-locked --> far from all other countries
What is the USMCA?
US, Mexico, Canada Agreement
Who wins a trade war (when one country levies new tariffs (taxes) on the imports of the other country and then the other country retaliates.
No One
Where is Tata Motors (owner of Jaguar and Range Rover) headquartered?
India
Why is it a good time to travel internationally when the US dollar is strong?
Everything is basically on sale in the country you are travelling to.
What is Colorado's #1 Export?
Beef
What is the end result that free trade does for the countries involved?
Raises their collective standard of living?
The supply chain of which product was shown in the global map during the Nearpod presentation?
iPhone
After the North American countries, in which major region of the world are three of the next four countries that the US trades with located?
Asia (China, Japan, S. Korea)
What is the primary driver of foreign exchange rates?
Supply & Demand
States in which part of the U.S. trade the most with Mexico?
States near the border - California, Arizona, Texas
How does fair trade affect the workers in the country of origin?
It ensures that they are treated fairly (wages, working conditions, etc)
What two things improved markedly after World War II based on the moving circles we saw travel from lower left to upper right in the video we watched?
Income and Lifespan
The Group of 7 (G7) countries are comprised of the US, Canada, Japan, Germany, France, UK and Italy. Their per capita ______ is the highest of any nations.
GDP
The interaction and integration of people, companies, and governments driven by International Trade
Globalization
What industry is driving the high level of international trade in places like Tennessee, Alabama and South Carolina?
Auto industry
How are most trading blocs organized?
According to where they exist geographically
What are two requirements for a country to trade effectively with other countries?
Open Markets
Secure Property Rights
Enforceable Legal System
Innovation
Stable Political System
Name one thing that helps make voluntary trade more effective
Both sides engage equally
Property Rights
When a currency appreciates, which of the following also appreciates?
Exports, Imports, Employment, Incomes
Imports
Which export is more common to more states than any other export?
Airplanes parts
Where does the US have the most free trade agreements?
Latin America