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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