Unit 2 Global Economy Market & Trade

International Trade shifts the PPC of a trading nation?

******* is fostering industries by protecting them from foreign competition or quotas imposed.

International Exchange:  As the exchange rate increases ***** trade imbalance occurs.

Opponents of free trade agreements argue these agree.. adversely affect which group of people

****** trade between nations without restrictions.

100% Tariff tax on a product costing $20,000 would mean the citizens of that country would pay?

With a given amt of resources, a country with comp adv will produce a product with ***

Which of the following accounts for why countries specialize in particular trade products?

****** distribution of resources among nations leads countries to ******* in products.

Strong dollar:  ***** imports.

US Federal income tax is a/an

Weak dollar:  ******** exports.

As the exchange rate decreases, a ******* trade imbalance occurs for that country.

Amount of Goods & Services a consumer is willing and able to purchase at various prices (time):

North American Free Trade Agreement??

Comparative advantage means ********.

Organization of Petroleum Exporting Countries?

Tractor Supply has decided to incorporate & sell stock. Which will it accomplish?

Absolute Advantage means *******.

Social Security is