QUIZ

__**TIME TO TEST YOUR KNOWLEDGE!!

media type="custom" key="6238737" Answers are at the bottom of the page. PLEASE complete survey then look at them.

FREE TRADE VS. FAIR TRADE QUIZ If you want this printed copy this version.**__

DEFINE as best as you can
 * 1) Free trade:
 * 2) Fair trade:
 * 3) trade liberalization:
 * 4) trade regulation:

Choose the best answer.

5.) What does NAFTA stand for?

A. North American Free Trade Agreement B. Native American Flower Trade Agreement C. North American Fair Trade Agreement D. No Agreements For the Americas

6.) Who is involved with NAFTA?

A. Mexico, USA, and Brazil B. Europe, Brazil, and Africa C. USA, Canada, and Europe D. USA, Canada, and Mexico

7.) Socialists would be more in favor of what?

A. Free trade B. Fair trade C. All of the above D. None of the above

8.) Capitalists would be more in favor of what?

A. Free trade B. Fair trade C. All of the above D. None of the above

9.) What does WTO stand for?

A. World Tree Organization B. World Trade Organization C. When we Trade we Occupy D. What Trade Organization

Fill in the blank:

10.) Taxes or duties placed on imported or exported goods are __(blank)__ 11.) America has a __(blank)__ trade system. 12.) One dilemma in a free trade system is that many jobs are __(blank).__ 13.) One dilemma with a fair trade system is that the __(blank)__ for items could raise to unaffordable heights. 14.) A positive for trade liberalization is that it can provide more __(blank)__ 15.) A positive for trade regulation is that it ensures that a country trades __(blank)__ and doesn't have an advantage.

Short answer. Answer in full sentences.

16.) What impact does trade regulation have on the government? Why?

17.) What impact does trade liberalization have on people of developing countries? Why?

18.) What impact does trade liberalization have on large companies?

ESSAY. Choose two of the three and answer them fully with complete sentences.

19.)How does free trade affect people from different places? How does fair trade affect people from different places? How do they affect you as an American?

20.) How do free trade and fair trade tie into globalization?

21.) What do you think is better? Free trade or fair trade and why? Explain your choice completely with at lest two suppoting details.

Here are the answers: 

Class version to use in presentation. 