| A | B |
|---|
| Mexico City's major environmental problem | air pollution |
| name of Mexico's currency | peso |
| Venezuela's major environmental problem | oil pollution |
| Cuba DOES Not trade with | United States |
| countries set these up to restrict trade | trade barriers |
| tax on imports | tariffs |
| restricts quantity of an item | quota |
| prohibits all trade with a country | embargo |
| 3 countries to sign NAFTA | Canada, Mexico, United States |
| NAFTA stands for | North America Free Trade Agreement |
| NAFTA created what kind of trade zone | free |
| type of capital for an employee | human capital |
| In a command economy, | the government controls everything |
| benefit of international trade | increased GDP (wealth) |
| best describes currency exchange rate | helping international trade |
| a market economy is | free markets decide what gets manufactured |
| all are risks for entrepreneurs EXCEPT | making money |
| factories, machinery are examples of | capital goods |
| logging and farmland have caused | deforestation of the rain forest |
| education, training are examples of | human captial |
| important natural resource for Mexico & Venezuela | oil |
| 3 economic questions are | what to produce,how to produce,for whom to produce |
| a mixed economy is | combination of privately-owned industry & govt. |
| natural resources are valuable | exports sold to other countries |
| when country puts most of their money into 1 product | specialization |
| NAFTA removed tariffs to | increase trade between US,Mexico,Canada |
| best benefit of currency exchange rate | increases trade among nations |
| rich soil is an example of | natural resource |
| NAFTA's example of this pattern among nations | forming trade agreements |
| currencyof 1 nation in another country | exchange rate |
| entrepreneur helps the | economy |
| best describes use of currency exchange rate | used in international trade |
| 3 economic questions | what to produce,how to produce,for whom to produce |
