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Exploring Barriers to International Trade in Today's Lesson

Dive into the complexities of international trade barriers such as tariffs and quotas. Learn about free trade movements and organizations like WTO and NAFTA. Prepare for responsible citizenship through research activities.

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Exploring Barriers to International Trade in Today's Lesson

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  1. Beginning Activities • Title today’s lesson: Barriers to International Trade • Research Activity: Protection vs. Free Trade • Mission Statement: To prepare you for a life of responsible citizenship • Daily Expectations: • No one leaves once class has begun. • Come in quietly and get to work immediately • Pay attention and be respectful • No phones • No food or drinks other than water • Do your work • Give AP quality effort • 5 bonus points for supplies

  2. Extra Credit • 5 points each 6 weeks for bringing supplies: • Paper clips • Pens • Paper • Staples • Tape

  3. Barriers to International Trade Chapter 17 International Trade

  4. Restricting International Trade • Tariff – tax placed on imports to increase their price in the domestic market • Revenue tariff – tariff high enough to generate revenue for the government without prohibiting imports. • America has used revenue tariffs less since the income tax went into effect in 1913. • Quota – limit placed on the quantities of a product that can be imported

  5. The Free Trade Movement • Reciprocal Trade Agreements Act (1934) – allowed America to reduce tariffs up to 50% if other countries agreed to do the same • World Trade Organization (WTO) • International agency • Settles trade disputes • Organizes trade negotiations • Technical assistance and training for developing countries • North Atlantic Free Trade Agreement (NAFTA) • Canada, America, and Mexico

  6. Ending Activity • Finish Research Activity • Make sure the floor is clean • Connect to our objectives: How does this prepare you for life and the future?

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