Name: ____________________

Date: _____________________
Title/Topic: Unit 9: International Trade/Global Economy Subject: ___________________
Period: ____________________
 Mastery Objective: Students will be able to explain growing economic interdependence, the effects of
international trade agreements and the World Trade Organizations by completing research, internet activities,
article reviews and classroom activities.
 ESSENTIAL QUESTION: Should free trade be encouraged? How has globalization made countries more
interdependent? Has NAFTA been great for the US Economy?
Study Questions Student Notes
Explain how resources
are distributed?
How are trade and
specialization linked?
Compare and Contrast
absolute advantage
and comparative
advantage.
How is the world
becoming more
interdependent?
How does trade affect
employment?
Explain trade
barriers? How do
tariffs limit trade?
Explain sanctions and
embargoes?
Compare and Contrast
arguments that favor
restricting trade and
those that favor free
trade.
Explain the WTO, EU,
and NAFTA.
Why are foreign
exchange rates
necessary? What is
the difference
between a strong
currency and a weak
currency?
Explain causes and
effects of the US trade
deficit?
Summary: