Global Society/Its A Small World power points.

Using the definitions as taken from the two power points, students must complete the following:

1. Define the terms:

Export

Import

Domestic Business

Multi-national Corporation

Currency

Trade Surplus

Trade Deficit

Exchange Rate

2. Name two types of business activities.
3. Identify the four trade barriers.
4. What are the two types of resources that countries depend on?
5. When is an exchange rate considered unfavorable?
6. Name the five countries on the Pacific Rim.
7. What three countries are included in the NAFTA?
8. What is NAFTA the acronym for?
9. Define comparative advantage.