International Trade

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The growing increase in international trade along with the development of technology has fostered

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globalization.

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The negative impact of international trade can be: the displacement of workers, environmental damage, trade imbalances.

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All of the above.

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With international trade, it is best for a country to have a

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trade surplus.

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The opposite of trade protectionism would be

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free trade.

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In order to promote trade, countries often: restrict trade, create trade barriers, form trade agreements, All of the above

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form trade agreements.

Front

With regards to international trade, the U.S. consistently has

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a negative trade balance/trade deficit.

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What is international trade?

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the exchange of products and services with people in other countries

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Sending goods to another country to sell.

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export

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A trade agreement between Canada, Mexico, and the US

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NAFTA

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This trade barrier limits the number of products that can be brought into a country.

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Quota