Question 1

What does NAFTA stand for?

Accepted Answer

North American Free Trade Agreement

Answer

South American Free Trade Agreement

Answer

North American Feather Trade Agreement

Answer

Northern American Feathered Tarp-Makers Agreement

Question 2

What is an embargo?

Accepted Answer

forbids trade

Answer

taxes imported good

Answer

North American Free Trade Agreement

Answer

limits imports

Question 3

What is a tariff?

Accepted Answer

Tax on imports

Answer

limits imports

Answer

forbids trade

Answer

North American Free Trade Agreement

Question 4

What is a quota?

Accepted Answer

a limit on imports

Answer

forbids trade

Answer

North American Free Trade Agreement

Answer

Tax on imports

Question 5

Which country is not in NAFTA?

Accepted Answer

Brazil

Answer

Mexico

Answer

Canada

Answer

USA

Question 6

Natural Resources do not come from Nature.

Accepted Answer

FALSE

Answer

N/A

Answer

N/A

Answer

True

Question 7

High standard of living = High investment in Human Capital

Accepted Answer

True

Answer

N/A

Answer

N/A

Answer

FALSE

Question 8

How has NAFTA effected Mexico?

Accepted Answer

Increased exports from Mexico

Answer

Less money made

Answer

decreased exports from Mexico

Answer

Hurt economy

Question 9

What are Capital Goods?

Accepted Answer

Goods that are used to make something else

Answer

People who start up business

Answer

People who make things

Answer

Things from nature

Question 10

What is specialization?

Accepted Answer

Working on one thing a country is good at making/producing

Answer

The process of making balloons

Answer

Money that grows on trees

Answer

Working on many things a country is good at making/producing

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