Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage ...

21
Chapter 16 Review International Trade

TAGS:

Transcript of Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage ...

Page 1: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Chapter 16 Review

International Trade

Page 2: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Vocabulary Terms

Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue tariff

Page 3: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Vocabulary Terms

Most favored nation clause NAFTA WTO Free Traders Quotas Foreign exchange rate

Page 4: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Vocabulary Terms

Infant Industries Argument Balance of payments Fixed exchange rate Trade deficit Trade surplus

Page 5: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Concepts

Tariffs and Quotas Different type

What are their function/purpose

Trade Agreements Reciprocal NAFTA

What do they do? Are they successful?

Page 6: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Concepts

Exchange Rates How are exchange rates determined? Reading an exchange rate table

Determine the value of a dollar against other currencies.

How does exchange rates effect the prices of goods and services?

Page 7: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Concepts

WTO What is it? Does it help or hurt world trade?

How? Why?

Traded Deficits/Surpluses What causes them? How are they remedied?

Page 8: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Concepts

Comparative and Absolute Advantage How are determined? What are the advantages to them? Using a PPC, how would you know what

is best fro a particular country? How would Adam Smith resolve this

dilemma?

Page 9: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

U.S. Imports/Exports by Area

Page 443

Page 10: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Gains From Trade

Page 444

Page 11: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Exchange Rate Table (May 12, 2006)

Page 457

Page 12: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Flexible/Floating Exchange Rates

Page 459

Page 13: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

International Value of the Dollar

Page 460

Page 14: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Essay

Are supply and demand curves useful for determining how a change in monetary policy will impact interest rates in the short run?

Graphs on page 402

Page 15: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Chapter 16-1 Visual Summary

Page 463

Page 16: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Chapter 16-2 Visual Summary

Page 463

Page 17: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Chapter 16-3 Visual Summary

Page 463

Page 18: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Essay

What conclusions can you make from the level of exports and imports of U.S. products during periods of a strong and a weak dollar?

Page 19: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Essay

What are the arguments for and against the use of trade barriers to protect domestic industries? Are arguments valid? Why or why not?

Page 20: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Essay

How does a flexible exchange rate tend to correct trade deficits over time?

Page 21: Chapter 16 Review International Trade. Vocabulary Terms Exports Imports Absolute advantage Comparative advantage Protective tariff Revenue.

Classwork

Chapter 16 Review Page 464 – 465

19,21,24,25,27,30,33,38


26 April 1989 CANADA/JAPAN: TARIFF ON IMPORTS OF SPRUCE, … · CANADA/JAPAN: TARIFF ON IMPORTS OF SPRUCE, PINE, FIR (SPF) DIMENSION LUMBER Report of the Panel adopted on 19 July

26 April 1989 CANADA/JAPAN: TARIFF ON IMPORTS OF SPRUCE, … · CANADA/JAPAN: TARIFF ON IMPORTS OF SPRUCE, PINE, FIR (SPF) DIMENSION LUMBER Report of the Panel adopted on 19 July

CHAPTER 12 Imports, Customs, and Tariff Law

CHAPTER 12 Imports, Customs, and Tariff Law

Which biofuel market does the ethanol tariff protect? Implications … · 2017-05-05 · motivates greater domestic production of biofuels and limitation of imports through a tariff

Which biofuel market does the ethanol tariff protect? Implications … · 2017-05-05 · motivates greater domestic production of biofuels and limitation of imports through a tariff

Archive of European Integrationaei.pitt.edu/56825/1/CYPRUS.VI.pdfPage III CONTENTS Part One General matters A. Tariff quotas, ceilings and other arrangements applied to imports into

Archive of European Integrationaei.pitt.edu/56825/1/CYPRUS.VI.pdfPage III CONTENTS Part One General matters A. Tariff quotas, ceilings and other arrangements applied to imports into

Tariff Rates, Tariff Revenue, and Tariff Reformdocuments.worldbank.org/curated/en/732261468740383059/...Tariff rates. Tariff revenue and Tariff reform: Some New Facts Tariff reforms

Tariff Rates, Tariff Revenue, and Tariff Reformdocuments.worldbank.org/curated/en/732261468740383059/...Tariff rates. Tariff revenue and Tariff reform: Some New Facts Tariff reforms

WARM-UP #4...puts a tariff of €5000.00 on each BMW it imports from Germany. 6. IN 2005, THE UNITED STATES LIMITED THE IMPORTS OF CHINESE TEXTILES TO 7.5% A YEAR. A. boycott B. embargo

WARM-UP #4...puts a tariff of €5000.00 on each BMW it imports from Germany. 6. IN 2005, THE UNITED STATES LIMITED THE IMPORTS OF CHINESE TEXTILES TO 7.5% A YEAR. A. boycott B. embargo

Ohio DOT Construction Cost Change Over Time · January 11, 2019 3 with an additional 10% tariff imposed on $200 Billion of Chinese imports with the threat to increase that tariff

Ohio DOT Construction Cost Change Over Time · January 11, 2019 3 with an additional 10% tariff imposed on $200 Billion of Chinese imports with the threat to increase that tariff

Canada and Foreign Trade Unit 5 Lesson 26. Terms Imports Exports Trade Surplus Trade Deficit Net Exports Net Imports Import Substitution Tariff Protectionism.

Canada and Foreign Trade Unit 5 Lesson 26. Terms Imports Exports Trade Surplus Trade Deficit Net Exports Net Imports Import Substitution Tariff Protectionism.

Stakeholder Meeting on Non-Tariff Measures (NTMs) in Thailand Stakeholder_ Thailan… · Stakeholder meeting on non-tariff measures applied on Thai exports and imports 29 October

Stakeholder Meeting on Non-Tariff Measures (NTMs) in Thailand Stakeholder_ Thailan… · Stakeholder meeting on non-tariff measures applied on Thai exports and imports 29 October

How does resource distribution affect trade? What are the differences between absolute and comparative advantage? What are the major imports and.

How does resource distribution affect trade? What are the differences between absolute and comparative advantage? What are the major imports and.

Topic 2: Industry and Immigration (1865-1914)...• 2) Governmental support – Coin money, tariff on imports, patents • Laissez Faire –government leaves the business sector alone

Topic 2: Industry and Immigration (1865-1914)...• 2) Governmental support – Coin money, tariff on imports, patents • Laissez Faire –government leaves the business sector alone

Trade Policy and the U.S. Trade Deficit...Bilateral Trade Balances Chinese tariff targeting U.S. soybean imports has resulted in significant tradediversionto Brazil As a consequence,

Trade Policy and the U.S. Trade Deficit...Bilateral Trade Balances Chinese tariff targeting U.S. soybean imports has resulted in significant tradediversionto Brazil As a consequence,

October 2019 No: 1227 Warwick Economics Research Papers · 2019-10-22 · impose a 25% tariff on steel and a 10% tariff on aluminium imports still came as a surprise. Initially exempt,

October 2019 No: 1227 Warwick Economics Research Papers · 2019-10-22 · impose a 25% tariff on steel and a 10% tariff on aluminium imports still came as a surprise. Initially exempt,

MEXICO – ANTI-DUMPING INVESTIGATION OF HIGH FRUCTOSE CORN ... · investigation of high fructose corn syrup imports, merchandise classified in tariff classifications 1702.40.01,

MEXICO – ANTI-DUMPING INVESTIGATION OF HIGH FRUCTOSE CORN ... · investigation of high fructose corn syrup imports, merchandise classified in tariff classifications 1702.40.01,

World Bank Documentdocuments.worldbank.org/curated/en/564261468914742663/pdf/multi-page.pdf · BTC Bangladesh Tariff Commission CCIE Chief Controller of Imports and Exports (MOC)

World Bank Documentdocuments.worldbank.org/curated/en/564261468914742663/pdf/multi-page.pdf · BTC Bangladesh Tariff Commission CCIE Chief Controller of Imports and Exports (MOC)

Global trade - Report by the Secretariat€¦ · Web viewIt provides preferential tariff treatment for certain imports from other developing countries under the Global System of Trade

Global trade - Report by the Secretariat€¦ · Web viewIt provides preferential tariff treatment for certain imports from other developing countries under the Global System of Trade

Average tariff on imports - PIIEAverage tariff on imports 2 0 10 20 30 40 50 60 70 1790 1810 1830 1850 1870 1890 1910 1930 1950 1970 1990 2010 percent Dutiable Imports Total Imports

Average tariff on imports - PIIEAverage tariff on imports 2 0 10 20 30 40 50 60 70 1790 1810 1830 1850 1870 1890 1910 1930 1950 1970 1990 2010 percent Dutiable Imports Total Imports

Tariff escalation and EU agricultural imports

Tariff escalation and EU agricultural imports

TARIFFS AND THE ECONOMY - REMI...Apr 04, 2018  · what does REMI say? sm President’s Tariff Proposal 25% ad valorem on steel imports 10% ad valorem on aluminum imports Trump on

TARIFFS AND THE ECONOMY - REMI...Apr 04, 2018  · what does REMI say? sm President’s Tariff Proposal 25% ad valorem on steel imports 10% ad valorem on aluminum imports Trump on

Tariff A tax on imports or exports.. Telecommunications Transmission of information as words, sounds, or images, usually over great distances, in the.

Tariff A tax on imports or exports.. Telecommunications Transmission of information as words, sounds, or images, usually over great distances, in the.