AMERICAN GOVERNMENT: L22 International Trade

A(n) __________ is a trade restriction enacted by a government against a particular nation, keeping goods produced in that nation out of their markets.

embargo

What are some of the tools that the American federal government can use in international trade?

embargoes and tariffs

International trade means that goods and services are exchanged within the United States' borders.

false

The stock market is a physical structure.

false

During which conflict was the United States competing with another superpower for the largest sphere of influence?

the Cold War

Which stock market accounts for a little more than one-third of the overall shares of stock in the world?

the New York Stock Exchange

Where did the United States expand its sphere of influence in the early part of the 20th century?

the Pacific

If the income generated by illegal activity was removed from Mexico's economy, the country's fiscal structure would crumble.

true

Illegal drug trade in __________, which is a key part of its economy, greatly complicates its government's relationship with the United States.

Mexico

The __________Stock Exchange accounts for a little more than one-third of the overall shares of stock in the world.

New York

What is one of the primary goals of NAFTA?

ease of trade

How many nations are involved in the NAFTA agreement?

3

Who was the Lend-Lease Act initially designed to assist?

America's European allies

What plan in 19th century America sought to focus on internal improvements that would facilitate increased trade?

American Way

What was the commerce between the Americas and Europe called?

Columbian Exchange

Which American president passed an embargo to restrict British trade but ended up hurting American trade?

Jefferson

Which American president enacted the Lend-Lease program in order to assist allies in the early years of World War II, prior to US involvement in the conflict?

Roosevelt

When was the United States government focused on solidifying and expanding its sphere of influence during the 20th century?

The Cold War

What group of countries has a commanding influence in the world of modern trade?

The G8, which includes America, Russia, and Japan

Which international organization is the World Bank a part of?

United Nations

Which three nations are signatories of the North American Free Trade Agreement (NAFTA)?

United States, Mexico, and Canada

The Lend-Lease Act was intended to keep the United States from becoming completely involved in __________.

World War II

The goal of the International Monetary Fund (IMF) was to reconstruct the world's international financial system after __________.

World War II

What is one of the major means by which terrorist organizations in the world are financially supported?

drug trafficking

What is NAFTA considered to be a part of?

international relations

The Lend-Lease Act provided military __________ to Great Britain, France, and Russia.

material

What is a political and economic theory which states that trade is an engine to generate wealth?

mercantilism

What do the stocks traded on the NYSE represent?

partial ownership in companies

Reasons for tariffs often include attempts to __________ domestic production, consumers, or national security.

protect

International trade allows nations to build relationships with one another while also increasing __________.

revenues