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4 cards from this section. Quick, good the night before a test.
What is free trade?
Think about how trade occurs without any restrictions.
What is a bilateral trade agreement?
Remember the prefix 'bi-' means two.
What type of trade involves no barriers?
Think of the term 'free' in free trade.
True or False: Bilateral agreements involve more than two countries.
Focus on the 'bi-' prefix meaning two.
Analyze the potential effects of withdrawing from a multilateral trade agreement.
Think about what might happen if you removed the rules that everyone agreed upon.
Evaluate how fair trade can impact local economies in developing countries.
Consider the larger effect of fair pay on a community's health and wealth.
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