Economic Geography Quiz

What country is NOT in NAFTA?

• Great Britain

• Mexico

• U.S.

• Canada

The purpose of NAFTA is to:

• To make goods cost more by charging high tariffs between the 3 countries

• Increase trade between the 3 countries that signed the agreement

• To trade with the BRICS countries exclusively

The acronym for the trade agreement that replaced NAFTA is:

• NATO

• EU

• BRICS

• Warsaw Pact

• USMCA

After reading about the following impact of NAFTA, decide if it is more positive or negative.

It lead farmers to go out of business in Mexico.

Around 1.43 million farm jobs were lost when NAFTA took effect. When the 2002 Farm Bill was passed, it subsidized (supported financially) American agribusiness by as much as 40% of net income. Then NAFTA removed the tariffs, which led Mexico to export corn and other grains that were much cheaper, and Mexican farmers were not able to compete. During this time, Mexico reduced its subsidies to farmers from 33.2% in 1990 to 13.2% in 2001.

• Positive

• Negative

After reading about the following impact of NAFTA, decide if it is more positive or negative.

It increased trade between the US, Mexico and Canada.

The North American agreement helped in significantly increasing trade among the three countries. In 2009 alone, the trade between these nations has amounted to $1.6 trillion in goods and services.

• Positive

• Negative

In ancient times, silk was a valuable good for China to trade because

• the journey eastward to obtain it was dangerous

• it wore out quickly and had to be replaced

• only the Chinese knew how to make it.

• it could be made into colorful silk banners.

What was the Silk Road?

• One road that was the color of silk. 
• A network of roads used for trading.
• A road that only silk was traded on.
• The name of the first road in Asia. 

Why were the 17 Sustainable Goals created?

• Help extinct animals

• End poverty, fight inequality, and provide equal opportunities

• Create new communities with less diseases and higher pay

• End poverty, save the turtles and locate the countries that have been lost

What is the range of the Human Development Index?

• 0-1

• 0-100

• 50-99

• 99-100

Japan has an HDI score of 0.884. The life expectancy is 79, literacy is 100%, and the income of an average family is $34,000. Japan would be classified as a less developed country.

• True

• False