A Speech on Trade Alliances (Scenario)As manager of the ...

[RYAN BANYAN]

A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!


You decide to start the speech by explaining how the Maastricht Treaty reshaped global competition by creating the ________.
◦ European Economic Community (EEC)
◦ North America Free Trade Agreement (NAFTA)
◦ General Agreement on Tariffs and Trade (GATT)
◦ World Trade Organization (WTO)
◦ European Union (EU)

[ryrychapman11]

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[crobinson2013]

A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!


To help explain the main advantages of regional trade alliances, you will point out that EU member countries now have ________.
◦ nationalistic policies
◦ protected industries
◦ government subsidies
◦ border controls
◦ a single market

[AngeliqueG]

a single market

[karen]

A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!


In response to the politician's comments about NAFTA, you will point out that many economists would ________.
◦ agree because both the United States and Mexico have achieved stronger economies through NAFTA, while Canada has not
◦ disagree because Canada and Mexico have both achieved stronger economies through NAFTA, while the United States has not
◦ agree because only Mexico has achieved a stronger economy through NAFTA
◦ disagree because Canada, the United States, and Mexico have all achieved stronger economies through NAFTA
◦ agree because only the United States has achieved a stronger economy through NAFTA

[aadams68]

disagree because Canada, the United States, and Mexico have all achieved stronger economies through NAFTA

[joe]

A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!


You also plan to discuss other regional trading alliances such as the one in Southeast Asia called ________.
◦ SEAFTA
◦ FTASAN
◦ ASEAN
◦ Mercosur
◦ the Southern Cone Common Market

[meltdown117]

ASEAN

[sammy]

A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!


Before you conclude your speech, you intend to explain how the WTO operates as ________.
◦ the only global organization that deals with the rules of trade among nations
◦ a unilateral trading system
◦ the only global organization that monitors and promotes competition between nations
◦ a mechanism to discourage global trade and protect the environment
◦ the only global organization dedicated to protecting the rights of workers in multinational corporations

[Bison]

the only global organization that deals with the rules of trade among nations