TOK Economics Lesson #11. International Trade. Closed economy = C + I + G (Consumers + Investment + Government). Open economy = C + I + G + (X-M) Adds in Exports and Imports , also known as…. International Trade!. VIDEO TIME!. An oldie but a goodie (1951) –
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Open economy = C + I + G+ (X-M)
Adds in Exports and Imports, also known as…. International Trade!
How Foreign Trade Works http://www.youtube.com/watch?v=-74YMKm2NE8
what country does this???
know any country that does this?
The good side of each:
The bad side of each:
Hint: It didn’t turn out too well…..
Thanks for your attention!