Economics – 1/11/12

 

I.  Bellwork: Q&A 

Pgs. 453-454

1.    What was the Smoot-Hawley Act and explain its impact?

2.    What is the WTO and what does it do?

3.    What is NAFTA and who does it involve?

II. Objective

  • Assess the impact of trade policies on domestic activity and world trade.
  • Analyze how the decisions made by a country’s central bank (or the Federal Reserve) impact a nation’s international trade

III.  Finishing 16-2 Trade Restrictions Discussion

A.  Notebook – Identify the Arguments for Trade Restrictions -Map

IV.  Discuss 16-3 Foreign Exchange and Trade Deficits: pgs 456-461

V.  On line Make up Test today after school today

VI.  Chapter 16 Test on Friday – Chapter-16-Review

VII.  Classwork

·         Page 456 Content Vocabulary (7)

·         Page 461 2-7 Q&A


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