Global Trade h 245
- D—Both Venezuela and Nigeria are OPEC
members, making response (A) incorrect. OPEC
originated about 30 years before the European
Union (B) and NAFTA (C). Mexico, which
is not a member of OPEC, is an oil-exporting
nation (E).
- B—The United States is a key exporter of films,
whereas the other items listed are exports of
Taiwan, Japan, and Korea.
- B—The imposition of protective tariffs in
Europe and the United States during the Great
Depression slowed down trade throughout the
world. The plantation economies were a better
example of the impact of global upon regional
trade (A), as was the protest against the WTO
(E). The impact of NAFTA is most noticeable
in North America (C), as was the anti-NAFTA
protest in Chiapas (D).
- C—Both NAFTA and the EU are regional trade
organizations. Some European nations, such as
Britain, do not use the euro (A). Britain was not
among the first members of the EU (B). The
EU adjusted tariffs for other world nations (D)
and includes northern and southern European
nations (E).
- E—The current global culture is most heavily
influenced by the United States.
Answers and Explanations
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