Global Trade Policy

trade restrictions used to punish a country for violating international law

• economic sanctions

• global economy

• infrastructure

• humanitarian

the interaction of the economies of all the world’s nations

• global economy

• economic rights

• infrastructure

• humanitarian

______ is a tax on an imported good.

• A tariff

• An export

• A Sanction

• Infrastructure

What is a Treaty?

• A way of making money
• A opportunity to invade land
• a formal agreement between two or more  nations
• A contract for selling goods(foods,clothing,etc)

The percent change in prices from year to year.

• Price Indices

• Inflation Rate

• Market Rate

• GDP Rate

What is Inflation?

• Money being able to buy more products

• is rising general level of products and it reduces the “production power” of money.

• is rising general level of prices and it reduces the “purchasing power” of money.

• is lowering general level of prices and it raises the “purchasing power” of money.

The Federal Reserve does all of the

following, EXCEPT...

• hold cash reserves

• make loans to the US gov't and other banks

• provides financial planning services to individuals

• sets interest rates

What is the goal of monetary policy?

• create a national deficit

• stabilize the economy

• increase trade restrictions

• increase consumer credit

Match the following:

North American Free Trade Agreement

• NAFTA

• Shale Oil

• 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