* QUIZ (Unit 7 Vocabulary)

NAFTA is an agreement between all of the following countries EXCEPT

• United States
• Mexico
• Great Britain
• Canada

Free trade means 

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

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

Unemployment in the US rose after NAFTA went into effect. 

• True 
• False

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

• True
• False

Scarcity means

• a lot of
• a lack of
• the same amount
• when something is scary

Why was OPEC created?

• To regulate the supply and price of oil
• to help the Palestinians in their problems with Israel
• to design new machinery to get oil out of the ground
• to keep countries that are not members from producing any oil

What happens to the price of oil when OPEC countries decide to limit production?

• prices rise
• Prices Drop
• prices stay the same
• oil stops being sold

What country consumes more oil than they produce?

• Iran
• USA
• Kuwait
• Saudi Arabia

What is the major natural resource of the Middle East?

• Diamonds
• Apples
• Gold
• Oil