Shakespeare created many words that we use every day. Use a dictionary, thesaurus, paper, pen, and your imagination to create your own new words. For example, you can transform nouns into verbs by taking a noun and making it an action word, such as changing the noun noodle to the verb noodling. You can combine two nouns to make a compound word, such as frogmud. You could also take two adjectives and form a new adjective that describes one idea using parts of the two words. For example, if the two adjectives are tired and old, you could make up a new adjective: tirold. Notice that it is not too difficult to look at one of these words and guess its meaning. The word frogmud must be mud in which frogs live. There are no right or wrong words here. Create 10 new words and state what they mean. Have fun!

Identify the trade regulation concept described in each scenario. protectionism free trade trade war country a and country b want to develop their respective export markets. both countries have highly developed agricultural, industrial, and service sectors. the countries decide to initially lower trade barriers and eventually remove them completely. arrowright country a has an agrarian economy with an emerging industrial sector. to allow domestic industries to grow, country a applies quotas on all industrial products except those that are used as resources. arrowright country a passes an economic policy that will indirectly give its own companies an advantage over country b’s companies. country b alleges that the policy violates the countries’ trade agreement and imposes retaliatory tariffs. arrowright