US/ Caribbean Relations: ‘Trade and Free Trade’

....................... is an activity which slows or outright blocks the free exchange of goods and services between nations.

• Voluntary Trade

• Specialization

• Trade Barrier

• Currency Exchange

What does the trade acronym CBI stand for?

• Central Bureau of Investigation

• Caribbean Basin Initiative

• Caribbean Border Initiative

• Climate Beautification Initiative

What does the trade acronym CBERA stand for?

• Caribbean Basin Environmental and Reconstruction Act

• Climate Beautification and Environmental Regional Activities

• Caribbean Basin Economic Recovery Act

• Caribbean Border Economic Recovery Act

What accounts for the CBI, and CBERA initiatives of the U.S. to the Caribbean?

• The US has extra money to spend and decided to help the Caribbean.

• The US wanted to be a good neighbour to the Caribbean.

• The US wanted to form an effective barrier against communist influence

....................... refers to the unrestricted free flow of goods and services between nations.

• Trade surplus

• Free trade

• Balance of trade

• Trade deficit

......................... limits the quantity of goods imported into a country.

• Embargo

• Tariff

• Quota

• Customs

Why should countries trade?

• To decrease output

• To increase output

• To help them thrive economically

• To keep them busy

What is  the Free Trade Area of the Americas (FTAA) main objective?

• It allows for duty-free imports in many areas.

• To protect the Caribbean region against communist encroachment.

• To promote democracy while forming an effective barrier against communist influence and dominion.

• To promote economic growth and democracy by removing trade barriers in all goods including agricultural and food products and services, as well as to encourage investments.