Economics – 6/05/13
I. Bellwork:
- Trading Blocks Primary and Secondary Sources Workbook -Separate sheet 1-4 Q&A
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 on iLearn Tomorrow– Chapter-16-Review
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