Small graphic organizer that allows students to research Latin America economies, trade, and specialization.
SS6E2 America and the Caribbean and Canada.
a. Explain how specialization encourages trade between countries.
b. Compare and contrast different types of trade barriers, such as tariffs, quotas, and embargos.
c. Explain the functions of the North American Free Trade Agreement (NAFTA).
d. Explain why international trade requires a system for exchanging currencies between nations