Trade

A trade agreement between Canada, Mexico and the US

• NAFTA

• EU

• WTO

• ABC

Tags

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.6.5

CCSS.RI.7.5

Which of the following is NOT an argument for free trade?

• increase competition

• allow domestic goods to be sold worldwide

• allow countries to specialize through comparative advantage

• imposing subsidies to protect domestic interest

Countries usually impose restrictions on free foreign trade to:

• Protect Foreign Producers

• Protect Foreign Consumers

• Protect Domestic Producers

• Protect Domestic Consumers

Tags

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI. 9-10.8

CCSS.RI.11-12.8

If Brazil has a comparative advantage in producing rubber, and trade of rubber is allowed...

• 
  Brazil will become an importer of rubber.

• Brazil will become an exporter of rubber.

• Brazil could become either an exporter or importer.

• It is impossible to determine whether Brazil will become an importer or an exporter of rubber without additional information about rubber prices.

An additional tariff placed on an imported product that
a nation believes is receiving an unfair subsidy:

(a)  

If a nation has more exports than imports, it is said to have

• Positive balance of trade

• Negative balance of trade

• International trade potential

• Unfavorable international trade position

A key component of the WTO is the principle of (a)   called normal trade relations
that require WTO members to treat all members equally.

Tags

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.6.5

CCSS.RI.7.5

... is simply the import and export of goods and services across international boundaries.

(a)  

Tags

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.6.5

CCSS.RI.7.5

In order to ... , companies must first identify their needs and then find companies that can provide those goods or services.

• follow training

• source suppliers

• hire staff

• find premises

Tags

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

Which of the following sentences uses the word 'trade' correctly?

• The trade of the book was very interesting.

• She decided to trade her old car for a new one.

• He was trade to the new school last year.

• They trade the meeting for next week.

Tags

CCSS.L.5.5C