International Trade

What trade organization was created in 1993?

• USSR

• EU

• NAFTA

• NATO

What treaties were created for political benefit?

• UN and Warsaw Pact

• NAFTA, EU and UN

• OPEC, UN, NATO, NAFTA, EU, Warsaw Pact

• Warsaw, UN, and Nato

A traditional economy contains...

• Cottage industry and agriculture

• Commercial industry and commercial agriculture

• Subsistence industry and housing

• Cottage industry and subsistence agriculture

"Business run by people for profit" is relevant to what economy?

• Capitalism

• Command

• Socialism

• Democracy

True of False: The Unites States might withdraw from the USMCA

• True

• False

Who pays for tariffs placed on a product?

• Consumer

• Producer

• The government

What economy uses supply and demand?

• Command

• Socialism

• Capitalism

What is supply and demand?

• When the government tells you what to make

• When consumers tell producers what to make

• When producers tell the government what they want

• When representatives fufill the constituents needs

What organization was created in 1945 and why?

• EU to promot trade

• NATO to encourage peace

• UN to encourage peace

• Warsaw pact to promot trade

What treaty organization is no longer around?

• OPEC

• UN

• NAFTA

• Warsaw Pact