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

Interactive Video
•
Social Studies
•
10th Grade
•
Hard
Jedy Hodge
Used 1+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
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