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- The _______ of steel is an important industry in a developed economy.
- Managers try to motivate employees to be efficient and ______.
- France ______ excellent wines.
Suit
a. Because of the weather in California, oranges are a _______ product for it to specialize in.
b. The _______ of a particular specialization is determined by the country’s resources.
- Because of its cold climate, Sweden _______ not ______ to specialize in coffee or bananas.
D. Discuss the following questions with a partner. In giving your answers, try to use the italicized terms.
1. What natural resources does your country have?
2. What are some goods your country does not produce domestically?
3. Why doesn't it produce these goods? (Use lack and natural, human, or technical resources in your answer.)
4. Do you think international trade raises the standard of living? Has it raised the standard of living in your country? If so, how?
5. Do you have expertise in any of the business fields? Are there any other areas in which you have expertise, such as in sports, music, or art?
6. What kinds of restrictions, if any, do you think should be placed on international trade?
Some possible results of international trade are listed below. Look at each situation and determine whether it concerns importing or exporting countries. Then decide whether it is an advantage or a disadvantage for those nations. Enter the number of the situation in the appropriate area of the grid.
1. A great variety of goods is available.
2. Foreign competition endangers domestic industries.
3. A larger market is now available.
4. More jobs are created.
5. A nation becomes too dependent upon its foreign markets.
6. Gross National Product (GNP) is increased.
7. A nation becomes too dependent on foreign products.
8. For economic reasons, a country prefers to sell to foreign markets rather than deal with its domestic market.
9. Domestic workers lose employment.
10. A nation imports natural resources rather than depleting its own sources.
11. The international market gets flooded.
12. The national standard of living is raised.
| Importing Nations | Exporting Nations | |
| Advantage | ||
| Disadvantage |
Date: 2015-10-21; view: 366; Нарушение авторских прав