UNIT 7 REVIEW GAME International Trade Basics 12345 Free Trade & Protectionism 12345 Globalization...
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Transcript of UNIT 7 REVIEW GAME International Trade Basics 12345 Free Trade & Protectionism 12345 Globalization...
UNIT 7 REVIEW GAME
International Trade Basics
1 2 3 4 5
Free Trade & Protectionism
1 2 3 4 5Globalization
Issues 1 2 3 4 5
The United Nations &
Internationalism
1 2 3 4 5
What is conservation, and how does it enter into the
global trade debate.
Trying to use resources more wisely. Some argue that conservation leads to slower economic growth.
What is the relationship between the price of
products and protectionism.
Protectionism leads to higher prices.
The US has a large _______ in terms of its balance of
trade.
Trade Deficit(or)
Unfavorable balance of trade
The idea that a country can produce a product at
a lower cost or opportunity cost than
another nation.Comparative advantage
Countries that are in the process of becoming more industrialized are called…
Developing Countries(or)
2nd World Countries