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7 Cards in this Set
- Front
- Back
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The U.S. imports |
$4,200 in products each year |
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The ability of a country to produce more of a given product is |
Absolute advantage |
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The ability of a country to produce a good at a relatively lower opportunity cost is |
Comparative advantage |
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Which of the following liberalized free trade among Canada, United States, and Mexico in the 1990s? |
The North American Free Trade Agreement |
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In recent years international trade has been |
Flourishing |
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The international agency that administers trade agreements and settles trade disputes is |
WTO |
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The North American Free Trade Agreement proposed free trade between the United States and |
Canada and Mexico |
