Chapter 6 : Section 2 Practice Flashcard (And the Vocab)

Front

The US and Canada have ____ economies.

Back

large, productive

Front

US has the world's largest economy and leads in trade.

Back

True

Front

US and Canada support free trade to remove barriers because...

Back

They want to ease trade between countries.

Front

In ____, the US, Canada, and Mexico joined in NAFTA.

Back

1994

Front

NAFTA's impact:

Back

Eliminated most trade restrictions among the three countries.

Front

2nd largest trading partner of the US?

Back

Mexico

Front

US's most imported energy resource?

Back

Oil

Front

What did the US have?

Back

A Trade Deficit

Front

Low product prices led to:

Back

A trade deficit in the US

Front

Tariffs raise US product prices and reduce sales abroad, resulting in:

Back

It hurt American companies and their workers.