6SW3.2.3 ARTICLE 8: Trade & Currency in North America QUESTIONS

What is the main purpose of trade agreements like USMCA and NAFTA? Mark only one oval.

• To increase taxes

• To make buying and selling easier

• To limit exports

• To reduce cooperation

Which currency does Canada use? Mark only one oval.

• U.S. dollar

• Mexican peso

• Canadian dollar

• Euro

How does trade benefit countries? Mark only one oval.

• By isolating economies

• By encouraging competition

• By allowing specialization and sharing

• By increasing tariffs

What does currency exchange allow countries to do? Mark only one oval.

• Communicate in different languages

• Trade goods and services

• Control their economies

• Limit imports

What is one example of trade extending beyond goods? Mark only one oval.

• Buying toys

• Exchanging currency

• A scientist working in another country

• Selling food

Which of the following is NOT a currency used in North America? Mark only one oval.

• U.S. dollar

• Canadian dollar

• Mexican peso

• British pound

What type of economy do Canada, the United States, and Mexico follow? Mark only one oval.

• Planned economy

• Mixed economy

• Barter economy

• Command economy

What role does currency exchange rates play in trade? Mark only one oval.

• They have no effect

• They determine how much one currency is worth in another

• They increase tariffs

• They limit trade agreements

What is a benefit of having a mixed economy? Mark only one oval.

• Complete government control

• No competition

• Encouragement of entrepreneurship

• High taxes on all goods

Which country focuses on citizen participation through elections? Mark only one oval.

• Canada

• United States

• Mexico

• All of the above