Economics – 1/10/13
I. Bellwork: Q&A
- Explain how quotas on foreign goods impact domestic industries.
- Explain how quotas on foreign goods impact foreign industries.
- Explain how quotas on foreign goods impact domestic workers.
- Explain how quotas on foreign goods impact domestic consumers.
II. Objective
- Analyze how the decisions made by a country’s central bank (or the Federal Reserve) impact a nation’s international trade
III. Discuss 16-3 Foreign Exchange and Trade Deficits: pgs 456-461
IV. Notebook
|
How is it created? |
Impact on Imports |
Impact on Exports |
Impact on the Balance of Trade |
|
| Strong Dollar | ||||
| Weak Dollar |
V. Classwork
- 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?
- Page 456 Content Vocabulary (7)
- Page 461 2-7 Q&A
VI. Chapter 16 Test Tomorrow– Chapter-16-Review
Leave a Reply