NC in Global Economy
Produced mainly in the Research Triangle
Countries depend on each other for goods, services, and resources.
What is Interdependence?
Trade with few or no government rules.
What is Free Trade?
Moving production to other countries.
What is Outsourcing?
The 11th largest economy in the US.
What is North Carolina?
Produced mainly in the Piedmont area.
What are aircraft parts?
A tax on imported goods.
Trade with rules to protect producers.
What is Fair Trade?
Industries losing jobs in the US.
A location in NC that attracts tourists.
What are the Mountains or Coast?
What are Sweet Potatoes
A limit on how much of a good can be imported.
What is a Quota?
The people who are benefited most by Free Trade.
Who are Consumers, Developed Nations, and Large Corporations?
Industries gaining jobs in the US.
What are Agriculture, Technology, Advanced Manufacturing, and Logistics and Transportation.
The second largest banking hub in the US.
What is Charlotte?
NC's top trading partner.
What is Canada?
A penalty or restriction placed on a country.
What is a Sanction?
The people who are benefited most by Fair Trade.
Who are Farmers, Artisans, Factory Workers, Cooperatives, and Developing Nations?
Cheaper goods, more product choices, and access to goods not made in the US.
What are benefits of Trade?
The location of agriculture, ports, and military.
What is the Coastal Plain?
Produced mainly in the Charlotte area.
What is Finance and Logistics?
A complete ban on trade with a country.
What is an Embargo?
The type of trade that has more protections and regulations in place, but has higher prices on goods.
What is Fair Trade?
Dependence on foreign suppliers, price spikes when supply chains break, and problems during global disruptions.
What are risks of Trade?
Three major industries that drive NC's economic power.
What are Agriculture, Manufacturing, Research and Technology, Finance, or Tourism?