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Where in the World?

Where in the World?. Where were these products made?. Pick from the following countries. France Finland Germany Great Britain Japan Netherlands South Korea Sweden Switzerland United States. Learning Goals. Today you should be able to . . .

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Where in the World?

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  1. Where in the World? Where were these products made?

  2. Pick from the following countries France Finland Germany Great Britain Japan Netherlands South Korea Sweden Switzerland United States

  3. Learning Goals Today you should be able to . . . Explain why countries specialize and trade. Because . . . this will you understand what how people get the resources they need and want.

  4. Why does this matter? You wouldn’t have these products if it wasn’t for . . . specialization & trade

  5. Specialization • When countries only make certain products • Caused by scarcityof resources • Countriesproducea smaller range of goods and services than they consume • leads to trade • increases interdependence

  6. Trade Specialization leads to free trade & interdependence • free trade - international trade free of government control and trade barriers • interdependence- when countries rely on each other for resources, goods, or services

  7. Specialization & Trade Demo Why? Because each country’s resources is best suited to those products Country A specializes in rectangular cards Country B specializes in triangular cards

  8. Scarcity of Resources COUNTRY A COUNTRY B Triangle cards Plain paper Scissors Markers Hole punchers Rulers Ribbon • Rectangular cards • Plain paper • Scissors • Markers • Pencils • Paper clips

  9. Round 1 5 minutes to produce as many HIGH quality products as possible

  10. Count the number of products you produced. • Discard poorly made products.

  11. Production with Specialization 1st

  12. Production with Specialization 2nd

  13. Production with Specialization 5th

  14. Production with Specialization 6th

  15. Specialization Each country specializedin producing of one good over another because of available resources (scarcity).

  16. Round 1 Reflection Questions ONLY Round 1 questions 1-4

  17. Round 1 Reflection • A) What do you think might happen to the quality of each country’s products if it produced for another round? B) Why? • A) What do you think might happen to the number of products that are produced if each country produced for another round? B) Why? • What might each country do if it wanted to both rectangular and triangular cards? • If each country _____________ one quarter (1/4, 25%) of its cards, how many cards of each type will Country A have? Country B?

  18. Number of Cards after Trade 1ST

  19. Number of Cards after Trade 2ND

  20. Number of Cards after Trade 5TH

  21. Number of Cards after Trade 6TH

  22. Round 2 6 minutes to produce as many HIGH quality products as possible Both countries must produce BOTH goods NO trading allowed

  23. Production without Specialization 1ST

  24. Production without Specialization 2ND

  25. Production without Specialization 5TH

  26. Production without Specialization 6TH

  27. Round 2 Reflection Questions

  28. Summary Questions

  29. trade barrier - any action a government uses to control trade between countries • tariff - an extra price or tax added onto imported products • quota - a limit on how much of something may be imported • embargo - when a country won't trade with another country at all

  30. Trade Barriers Which is Which?

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