NAFTA and Trade Deficits Analysis

NAFTA and Trade Deficits Analysis

Assessment

Interactive Video

Social Studies

10th Grade

Hard

Created by

Jedy Hodge

Used 1+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the difference between a country's exports and imports?

Trade balance

Net exports

Trade deficit

Trade surplus

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do some people believe that trade deficits are bad?

They believe it results in higher taxes.

They think it means a country is not producing enough goods.

They believe it leads to job losses in the importing country.

They think it causes inflation.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the criticisms of NAFTA?

It raised the prices of consumer goods.

It led to companies moving out of the US.

It decreased US trade deficits.

It increased the number of manufacturing jobs.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when a currency appreciates?

Exports become more expensive.

Imports become more expensive.

Exports become cheaper.

Imports become cheaper.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the balance of payments?

A list of a country's financial assets.

A statement of all international transactions.

A record of a country's imports and exports.

A summary of a country's trade agreements.