Latin American Economy

Which are the positives of NAFTA?

• Increases Trade

  Reduces Cost

  Raises Economic Growth

  Reduce Govt Spending

  Creates Jobs

• Outsourcing

  Environment Damage from Shale Oil

Match the following:

A tax on certain imports and exports

• NAFTA

• Standard of Living

• Tariff

• Outsourcing

• Unforseen

NAFTA was an agreement between which countries?

• America, Cuba, and Mexico

• Mexico and Canada

• Mexico, Canada, and the United States

• Mexico, Columbia, and Canada

What did NAFTA eliminate?

• Imports

• Exports

• Tariffs

• Vehicles

NAFTA had only positive impacts

• True

• False

After the ban on beef exports, what did some cattle farmers do and why?

In the photo please describe these objects, explain a little bit about what they are and the name of the processed used to create them...

A $300 computer has a 35% tax. What is the cost of the tax?

A country produces a large quantity of lumber. What might they specialize in?

• Electronics

• Furniture

• Clothing

• Jewelry

Why would a country want to discourage trade?

• To hoard all their resources

• To keep labor and production local

• To save money

• Trade agreements are to complicated