Economics – 6/09/14

I. Bellwork:

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

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?

B. Pgs 472-477

Using a Sequence Map – List and explain the 5 stages of Economic Development
Using a Brace Map – List and explain the 8 obstacles to economic growth impacting developing nations.

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