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Beginning Activities

Beginning Activities. Title today’s lesson: Barriers to International Trade Research Activity: Protection vs. Free Trade Mission Statement: To prepare you for a life of responsible citizenship Daily Expectations: No one leaves once class has begun. Come in quietly and get to work immediately

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Beginning Activities

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  1. Beginning Activities • Title today’s lesson: Barriers to International Trade • Research Activity: Protection vs. Free Trade • Mission Statement: To prepare you for a life of responsible citizenship • Daily Expectations: • No one leaves once class has begun. • Come in quietly and get to work immediately • Pay attention and be respectful • No phones • No food or drinks other than water • Do your work • Give AP quality effort • 5 bonus points for supplies

  2. Extra Credit • 5 points each 6 weeks for bringing supplies: • Paper clips • Pens • Paper • Staples • Tape

  3. Barriers to International Trade Chapter 17 International Trade

  4. Restricting International Trade • Tariff – tax placed on imports to increase their price in the domestic market • Revenue tariff – tariff high enough to generate revenue for the government without prohibiting imports. • America has used revenue tariffs less since the income tax went into effect in 1913. • Quota – limit placed on the quantities of a product that can be imported

  5. The Free Trade Movement • Reciprocal Trade Agreements Act (1934) – allowed America to reduce tariffs up to 50% if other countries agreed to do the same • World Trade Organization (WTO) • International agency • Settles trade disputes • Organizes trade negotiations • Technical assistance and training for developing countries • North Atlantic Free Trade Agreement (NAFTA) • Canada, America, and Mexico

  6. Ending Activity • Finish Research Activity • Make sure the floor is clean • Connect to our objectives: How does this prepare you for life and the future?

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