Economic Principles & Foreign Policy

the degree of availability of an item (the number of items ready for sale)

• demand

• supply

• surplus

• shortage

the usability of the item or how many people want to buy it

• supply

• demand

• surplus

• shortage

why supply is greater than demand, usually cause the price of an item to go down

• supply

• demand

• surplus

• shortage

when demand is greater than supply, usually cause the price of an item to go up

• supply

• demand

• surplus

• shortage

as the price of an item goes up, the supply of that item will also go up

• true

• false

as the price goes down, the demand will go up

• true

• false

a country's formal plan for dealing with countries outside of its own boarders

• formal plan

• informal plan

• foreign policy

• foreign relations

Which one of these is not a goal of foreign policy?

• free and open trade

• world peace

• national security

• taxes

Which of the following is a tool of foreign policy?

• treaties

• trade

• tariffs

• humanity

Which international organization promotes world peace?

• NAFTA

• UN

• NATO

• IMF