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Washington and Global Trade Answers

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1
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The World Trade Organization (WTO) was formed

A
to provide loans to developing countries.
B
to promote fair and successful trade.
C
to reduce international trade barriers.
D
to eliminate taxes and tariffs on imports.
2
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What is true of Washington’s agricultural trade?

A
Washington is the third-largest grower in the United States.
B
Washington imports two-thirds of food from Asia.
C
Washington is the third-largest agricultural exporter in the United States.
D
Washington exports mostly locally grown vegetables.
3

Which is Washington’s largest service export?

A
aerospace
B
royalty and licensing
C
travel services
D
petroleum oils
4

What percentage of jobs in Washington are related to international trade?

A
over 20%
B
about 30%
C
over 40%
D
about 50%
5

By lowering import barriers and reducing taxes and tariffs, agreements like NAFTA most likely

A
decrease trade.
B
decrease competition.
C
increase trade.
D
increase research.
6

Agreements like NAFTA aim to

A
increase taxes and tariffs.
B
reduce restrictions on trade.
C
help sellers increase prices.
D
promote consumer rights.
8

When trade organizations limit how products can be produced or handled, they are doing so to

A
favor production in certain countries.
B
create trade barriers.
C
establish fair pricing.
D
protect people and the environment.
10

The goal of free trade is to

A
promote overall economic growth.
B
reduce the need for federal income taxes.
C
prevent economic downturns.
D
guarantee the availability of imported goods.
11

Which are among Washington’s top five manufacturing export industries? Select three options.

A
aerospace
B
automobiles
C
petroleum oils
D
ultrasonic scanning apparatus
E
textiles and clothing
12

The graph shows Washington’s agricultural exports.This graph indicates that, in 2020, Washington

Question illustration
A
grew $600 million in wheat and grains.
B
restricted the consumption of vegetables.
C
sent $800 million in frozen French fries overseas
D
exported more hay than seafood products.
13

Which is an example of how a trade organization could affect trade in Washington?

A
It could help set prices for exported grains.
B
It could ban individuals from growing tomatoes.
C
It could prevent production of airplane parts.
D
It could require taxes on imports to be cut.
14

Since 1994, US trade with Mexico and Canada has

A
decreased a little.
B
double.
C
tripled.
D
remained the same.
15

What approaches do international economic organizations use to solve and prevent problems? Choose three answers.

A
They promote free trade agreements.
B
They monitor the global economy.
C
They help countries develop their economies.
D
They prevent trade barriers from occurring.
E
They address global trade issues.
16

Trade organizations manage relationships between countries by

A
organizing production partnerships between them.
B
setting prices for their products.
C
coordinating agreements between them.
D
determining what products they can sell.
17

[BLANK]

A
imports
B
exports
C
demands
D
consumes
18

About 30% of imports that arrive in Washington

A
are transported elsewhere.
B
involve raw materials for services.
C
remain in the state.
D
are sent to Europe.

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