Jeopardy TradeTerms Trade Barrier Protectionism Misc Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy

$100 Question from Trade A country that is able to produce A product more efficiently than Another country has?

$100 Answer from Trade Comparative Advantage

$200 Question from Trade If country A is better at producing Everything than country B, Then country A has a ???

$200 Answer from Trade Absolute Advantage ((Still trade in what you have A comparative advantage in))

$300 Question from Trade “Do what you do best, Trade for the rest” Means you should ___________?

$300 Answer from Trade Specialize

$400 Question from Trade Globalization generally leads to An _________ in economic ________ (Because we rely on other countries and They rely on us.)

$400 Answer from Trade Globalization generally leads to An INCREASE in economic INTERdependance (Because we rely on other countries and They rely on us.)

$500 Question from Trade Countries that can produce oil more efficiently formed A cartel (group) called OPEC. What does OPEC Stand for?

$500 Answer from Trade Organization of Petroleum Exporting Countries

$100 Question from Terms The USA gets ________ from other countries. The USA sends ________ to other countries.

$100 Answer from Terms The USA gets IMPORTS from other countries. The USA sends EXPORTS to other countries.

$200 Question from Terms What word means I depend On you, and you depend on me?

$200 Answer from Terms INTERdependance

$300 Question from Terms What do you call it when a foreign Companies sells goods in America Below the actual cost of the product To drive US companies out of business?

$300 Answer from Terms Dumping

$400 Question from Terms What kinds of countries face obstacles Like Debt, Lack of Education, Poor Technology, Government Corruption Disease?

$400 Answer from Terms Developing Countries

$500 Question from Terms What word describes more companies Hiring outside firms to perform Jobs at lower cost (in another country)

$500 Answer from Terms Outsourcing

$100 Question from Trade Barriers If America places a tax on foreign Japanese Playstation3s, in order to protect less Efficient US Xbox, they are using a (2 words)

$100 Answer from Trade Barriers Protective Tariff

$200 Question from Trade Barriers The purpose of Tariffs and Quotas Is?

$200 Answer from Trade Barriers To protect: Jobs or Industry

$300 Question from Trade Barriers The United States is mostly Free Enterprise So it mostly believes in Free Trade. As such, to reduce Tariffs between USA, Canada, and Mexico it signed what controversial Treaty? (letters are fine)

$300 Answer from Trade Barriers N.A.F.T.A.

$400 Question from Trade Barriers This is the legal limit on amount Of imports allowed into a country?

$400 Answer from Trade Barriers Quota

$500 Question from Trade Barriers This trade barrier is when a company Gets tax money from their government to protect/help their industry?

$500 Answer from Trade Barriers Subsidy or Subsidize

$100 Question from Protectionism The idea that NEW companies Should be protected from foreign Competition (at least till they grow Up)

$100 Answer from Protectionism Infant Industry Argument

$200 Question from Protectionism Some things like Steel, Cars, Weapons Are so essential you don’t want America To rely on foreign trade (even if more efficient) so you protect US industries for what reason?

$200 Answer from Protectionism National Defense Argument

$300 Question from Protectionism The biggest argument against NAFTA & other Free Trade is that it leads To outsourcings and we need to Protect domestic ________.

$300 Answer from Protectionism The biggest argument against NAFTA & other Free Trade is that it leads To outsourcings and we need to Protect domestic JOBS.

$400 Question from Protectionism The trade barrier that can be misused And as a cover for a quota/embargo Is?

$400 Answer from Protectionism Safety/Standards

$500 Question from Protectionism The bumper sticker that says “Lost your job yet? Keep buying foreign” Implies to save jobs, you should keep _______?

$500 Answer from Protectionism Keep your money at home

$100 Question from Misc What do you call a company That produces and sells worldwide?

$100 Answer from Misc Multinational

$200 Question from Misc What is the price of ones countries Currency in terms of another?

$200 Answer from Misc Exchange Rate ((Countries sometimes manipulate this to gain an edge in trade))

$300 Question from Misc Every country should encourage _______ trade (rather than “Free Trade”) Which is a marketplace where everyone Can benefit.

$300 Answer from Misc Every country should encourage FAIR trade (rather than “Free Trade”) Which is a marketplace where everyone Can benefit.

$400 Question from Misc More and more people on Earth is Called ________________. This leads to more and more trade opportunities.

$400 Answer from Misc More and more people on Earth is Called GLOBAL POPULATION GROWTH. This leads to more and more trade opportunities.

$500 Question from Misc A country with relatively low money Is called ?

$500 Answer from Misc Developing Countries

1000 point Final Jeopardy Developing countries often face problems. Of the 5 main problems. Name 4

Final Jeopardy Answer 1)Debt (low money) 2) Lack of Education 3) Poor Technology 4)Government Corruption 5)Disease Developing countries often face problems. Of the 5 main problems. Name 4