Trade between countries without any trade barriers
What is Free Trade
100
________ is common in trading blocks
What is Free Trade
100
NAFTA Allows for free trade between who
What is United States, Mexico,
and Canada
100
Specific guidelines for goods coming into a country
What is Standards
200
Limitation on the amounts a particular good that can be
imported into a country
What is a Quota
200
Name the positives of free trade
What is Encourages economies to both produce and import, Allows citizens to buy products at lowest price possible
200
Bonus!!!! Who is you favorite teacher
Who is Mr. Clark
200
EU stands for
What is the European Union
200
when goods don’t meet U.S. and have to be
taken back
What are recalls
300
When a country, or several countries refuse to trade with a
country
What is Embargo
300
Name the negatives of free trade
What is Nations tend to produce less and import more, Business will move operations to areas where production is
cheaper
300
Groups of countries that trade together often form a
What is a Trading Block
300
ASEAN stands for
What is the Association of South East Asian Nations
300
Payment from the government to businesses
What are Subsidies
400
Name three reason for trade barriers
What is Protectionism, National Security, Protect Citizens Health,Retaliation against other countries
400
What does NAFTA stand for
What is North American Free Trade Agreement
400
Attempt to benefit all countries involved
What is Trading Blocks
400
How many SE Asian nations that trade among each other
What is 10
400
The price of one nation’s currency in terms of
another nation’s currency
What is Exchange Rate
500
An example of an embargo
What is Cuba and the United States
500
Are you for or against Free Trade
Teacher approved answer
500
Bonus!! Name one thing you learned during this lesson
Teacher approved
500
Which two were established/signed in 1992
What is NAFTA, ASEAN
500
When the dollar is strong, or appreciates
What is Imports increase and are cheaper for consumers to
buy, Travel abroad is cheaper for American tourists, U.S. exports decline, The U.S. trade deficit increases