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vocabulary
organizations
trade agreements
free trade facts
alternatives to free trade
100
is a system of trade policy that allows traders to act and or transact without interference from government. According to the law of comparative advantage the policy permits trading partners mutual gains from trade of goods and services.
What is free trade
100
is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.
What is the (wto)world trade organization
100
The Trade Agreement between Canada, Mexico, and the U.S. gives corporations rights at the expense of democracy in all three countries – and has caused job loss and environmental destruction in all three countries. (NAFTA)
What is The North American Free Trade Agreement
100
The United States has free trade agreements (FTAs) in effect with {??} countries. Hint: square root of (289)
What is 17 countries
100
this is the economic policy of restraining trade between states, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to discourage imports, and prevent foreign take-over of native markets and companies.
What is Protectionism
200
is an organized social movement and market-based approach that aims to help producers in developing countries obtain better trading conditions and promote sustainability
What is fair trade
200
an international organization that promotes the stabilization of the world's currencies and maintains a monetary pool from which member nations can draw in order to correct a deficit in their balance of payments: a specialized agency of the United Nations
What is the (imf) international monetary fund
200
The Negotiations are underway to expand the disastrous NAFTA model by creating a "free trade" zone from Argentina to Alaska. But citizens across the hemisphere are uniting to stop this corporate juggernaut. (FTAA)
What is the Free Trade Area of the Americas
200
The percentage of world merchandise trade that is accounted for by manufactured goods (transport machinery and electronic equipment) hint: 3/4
What is 75%
200
this is an alternative economic model to free trade. Under (B.T) nations are required to provide a balanced and fairly even reciprocal trade pattern; they cannot run large trade deficits.
What is Balanced trade
300
A taxation imposed on goods and services imported into a country. Also known as a duty tax.
What is a tariff
300
the free trade association of europe
What is the (EFTA) European Free Trade Association
300
this Trade Agreement will expand the failed NAFTA model to Central America. In spite of massive citizen mobilization, theTrade Agreement passed the US Congress in July, 2006 by a mere vote. (CAFTA)
What is Central American Free Trade Agreement
300
The percentage that exports increased in Mexico since NAFTA was established. hint: 1.5x200
What is 300%
300
this was suggested by Nobel Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another. The tax is intended to put a penalty on short-term financial round-trip excursions into another currency.(T.T)
What is the Tobin tax
400
this is the voluntary exchange of goods, services, or both.
What is Trade
400
a company that sells fair trade products and can direct you to places to buy fair trade. tell you about fair trade
What is the fair trade federation
400
This Trade Agreement would expand the failed NAFTA model to the Andean nations of South America. (AFTA)
What is Andean Free Trade Agreement
400
The percentage of annual GDP growth in Mexico since NAFTA was established Hint:(75+10+15) divided by 100=
What is 1%
400
Global trading that allows all nations to prosper and develop fairly and equitably is probably what most people would like to see. this is touted as the mechanism for this,If you consider your self a Neoliberal.
What is Neoliberalism
500
FTA
What is free trade agreement
500
this is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where regional barriers to trade (tariffs and non-tariff barriers) are reduced or eliminated among the participating states
What is A trade bloc
500
Under the FTA with the U.S. and Australia, trade in goods and services as well as foreign direct investment have continued to expand. Under the FTA, more than 99 percent of U.S. exports of manufactured goods are now duty-free. The FTA will also eliminate tariffs within 10 years of entry into force on textiles
What is The United States-Australia free trade agreement or FTA
500
this is The percentage of merchandise trade that is accounted for by minerals and agriculture, the staples of the developing world. hint: (1+1)(9+2)
What is 22%
500
this is a system of exchange that honors producers, communities, consumers, and the environment. It is a model for the global economy rooted in people-to-people connections, justice, and sustainability
What is Fair Trade