Ch 26: Georgia Milestones: Trade Barriers & Regulations

About This Chapter

Let us help you study for the Georgia Milestones - Economics/Business/Free Enterprise exam with our online lessons covering topics related to trade barriers and regulations. Each lesson will teach you a different topic you might encounter on the exam.

Georgia Milestones: Trade Barriers & Regulations- Chapter Summary

If you plan on taking the Georgia Milestones exam on economics, business and free enterprise, you will find the lessons we have provided in this chapter to be extremely helpful study guides. These short videos will specifically teach you about the main topics related to trade barriers and regulations. Each lesson serves as an overview of a different topic that you might encounter on the exam, such as:

  • Net exports, capital flow and trade balance
  • Financial markets and goods markets
  • Tariffs and quotas
  • Trade restriction and foreign labor
  • The growth of international organizations
  • Middle East conflicts and OPEC's '70s oil embargo
  • International trade organizations and agreements

You can review these lessons anytime, on a computer or mobile device. Once you have gone over all of the lessons, be sure to use the chapter's practice quizzes to assess your understanding of some of these topics. These quiz questions are multiple-choice like the ones you'll see on the Georgia Milestones exam.

7 Lessons in Chapter 26: Georgia Milestones: Trade Barriers & Regulations
Test your knowledge with a 30-question chapter practice test
Net Exports, Capital Flows and Trade Balance

1. Net Exports, Capital Flows and Trade Balance

Learn what net exports and balance of trade are, how they are calculated, and what influences them. Explore what capital flows are in relation to net exports and trade balance and the importance of these monies in an economy.

Financial Markets & Goods Markets

2. Financial Markets & Goods Markets

Learn about two of the biggest markets in most economies; the financial and goods markets. Find out what financial markets are and the purpose they serve. Explore the stock market and bond market and see how they are different than the goods market.

Tariffs and Quotas: Effects on Imported Goods and Domestic Prices

3. Tariffs and Quotas: Effects on Imported Goods and Domestic Prices

Explore what tariffs and quotas are and what effect they can have on the supply of imported goods. Find out how these two economic tactics can influence the prices you pay for many of the everyday items you may purchase.

Trade Restrictions and Foreign Labor

4. Trade Restrictions and Foreign Labor

Discover why trade restrictions are sometimes used to combat cheap foreign labor. Learn about outsourcing, job protection, and infant industry strategies.

Growth of International Organizations: History, Events, and Trends

5. Growth of International Organizations: History, Events, and Trends

In this lesson, we explore the growth of international organizations since the 1990s, especially the proliferation of trade deals and the expanding reach of existing organizations like the UN, NATO, and the EU.

Conflict in the Middle East: OPEC's 1970s Oil Embargo & Its Impact

6. Conflict in the Middle East: OPEC's 1970s Oil Embargo & Its Impact

The 1970s represented a period of economic distress in the United States. Learn about one of the major factors, the 1973 oil embargo by OPEC, and its devastating impact on the American economy in this video lesson.

International Trade Organizations and Trade Agreements

7. International Trade Organizations and Trade Agreements

International trade organizations and trade agreements have enormous power in the global trade environment. In this lesson, you will learn about the roles of the GATT, NAFTA, and the World Trade Organization.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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