NAFTA and Economic Systems

System in which government owns and controls some factors of production

• Socialism
• market
• mixed
• command

NAFTA is an agreement between all of the following countries EXCEPT

• United States
• Mexico
• Great Britain
• Canada

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Free trade means 

• the countries use the same currency
• No trade barriers
• there is a quota on some goods
• trade is quick and easy

Tags

CCSS.RI.7.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.8.7

CCSS.RL.9-10.7

What is the purpose of NAFTA?

• To increase trade between all countries
• To help Canada become a more independent nation
• To eliminate the environmental issues between the nations involved

Trade between US, Mexico, and Canada has more than tripled since 1994.

• True
• False

As a result of NAFTA, many US manufacturers moved to Mexico where employees were cheaper and environmental standards were lower.

• True
• False

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

What does NAFTA stand for?

• North American Federation Trading Act

• North America Fur Trade Agreement

• North America Free Trade Agreement

• Northern Africa Free Trade Act

What is the name of the new NAFTA deal?

• NAFTA 2

• USMCA

• Donald Trump Trade Deal

• USACAM

Katia is an accountant in a government run business where she was placed after graduation.

• Command
• Traditional
• Free Market
• Mixed

Mary Ann runs a car dealership selling only government produced cars.  At the end of the month Mary Ann must give all of the money she made back to the government.

• Traditional 
• Free Market
• Mixed
• Command