Trade 100

2. Trade 100 To protect a country’s trade a country will create a tariff which is?

3. Tariff – a tax created on imported goods.

4. Trade 200 If one country is not able to agree with another then it may create an embargo which is what?

5. Where a country ceases all trade and communications with another for a period of time. Typically, they are hoping the other country will cave to their demands.

6. Trade 300 • What is it called when a country exports more than it imports?

7. A country in DEFICIT

8. Trade 400 What is it called when a government is protecting its businesses and economy from foreign markets?

9. Protectionism

10. Trade 500 This is the concept that the world relies on each other for goods and services. It is a modern concept of countries turning to other countries for their needs and wants along with staying interconnected.

11. Globalization

12. International 100 NAFTA is the North American Free Trade Agreement which allows tariff-free trade with which countries?

13. United States, Mexico, and Canada

14. International 200 Which country do we export most to? Bonus: Which do we import most from?

15. Export – MexicoImport – China

16. International 300 Where does North Carolina import the most goods too?

17. Japan

18. International 400 The countries of Europe created a organization which allows for more trade between them and economic reliability is?

19. The European Union

20. International 500 What types of goods does the United States export to other countries?

21. Heavy MachineryAirplanesCarsTelecommunicationsMedicinesMetals Services

22. Business Cycle 100 An economic indicator which helps us watch where the business cycle is moving is?

23. Gross Domestic Product: GDP

24. Business Cycle 200 What is the Business Cycle used for?

25. It shows the rise and fall of business activity.

26. Business Cycle 300 This is the GDP has stalled and the economy has stopped growing.

27. The Peak!

28. Business Cycle 400 This is the section of the Business cycle where the GDP is falling.

29. Contraction, because it has not stalled yet.

30. Business Cycle 500 This is the section of the economy which is growing and it can be broken down into two parts. Bonus: What are the two parts.

31. Expansion1. Recovery2. Prosperity

32. Economic Indicators 100 This is the main economic indicator that economists watch to see where the US economy is headed.

33. Gross Domestic Product. GDP

34. Economics Indicators 200 This economic indicator watches the changes in the worth of goods and services over a month period.

35. Consumer Price Index (CPI)

36. Economic Indicators 300 This is the economic indicator which shows the changes in the businesses and the people who are willing to invest in them.

37. The Stock Market

38. Economic Indicators 400 This is the economic indicator that fallows the goods and services sold outside of the borders of a country.

39. Gross National Product (GNP)

40. Economic Indicators 500 This economic indicator shows how the economy is functioning based on people looking for work.

41. Unemployment rate.

42. Taxes 100 This is a tax based on how much money you make through your work.

43. Income Tax

44. Taxes 200 This is the tax which will not change no matter how many goods you buy in the store or on-line.

45. Sales Tax

46. Taxes 300 This is a tax which will not change for any person – no matter how much money they make a month.

47. A Regressive Tax

48. Taxes 400 This is a tax which is based specifically on how much people make. Ex. An income tax.

49. Progressive Tax

50. Taxes 500 This tax is a tax on goods such as cigarettes, gas, and other “not needed” goods. AKA a “sin tax”