What is an import quotea?

What is a tarriff?

What is an export?

What is an import?

What is a trade deficit?

What is a trade surplus?

What is a budget deficit?

What is a budget surplus?

What is a closed economy?

What is an open economy?

What effect does free trade have on the choices of the citizens of the participating countries?

Why is free trade efficient?

The US has had a trade deficit for almost 50 years (just remember this)

What are the US exporting?

Citizens can have the most choices in an open economy (remember this)

What is comparative advantage?****

Bans on imports, import quotas, voluntary quotas, and tariffs on goods have what effect on prices?

Why do so many politicians fight against free trade with other nations?