Explanation should include
- definitions of
- supply and demand
- free trade
- import
- export tariffs
- international embargo
- influences of trading with international business.
Process/Skill Questions:
- What are factors to consider when exporting products?
- What government agency regulates international trade for agriculture?
- How is aid different from trade?
- How does international trade affect American farmers?
- What are some examples of embargoes?
- How are tariffs regulated? How can another country refusing to buy American products affect prices?