Benefits of international trade

Brainstorm
Give the benefits of international trade.
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Slide 1: Slide
EconomieSecondary Education

This lesson contains 15 slides, with interactive quizzes and text slides.

time-iconLesson duration is: 1 min

Items in this lesson

Brainstorm
Give the benefits of international trade.

Slide 1 - Slide

Chapter 17
Section 1: Benefits of International Trade
Pages 510 -519

Slide 2 - Slide

Objectives
Determine the economic success with few natural resources
Analyze the effect of international trade on prices and quantity
Discuss how international trade help to create jobs

Slide 3 - Slide

Some economies thrive as a direct result of natural re-
sources—Saudi Arabia and its oil, for instance. But, many
nations, such as the Republic of Ireland, thrive economically
in spite of a relative lack of natural resources.

Slide 4 - Slide

Case study

Slide 5 - Slide

Answer
1. manufacturing​​
2. An economy focused solely on natural
resources could be negatively affected
by changes in the resources’ supply or
demand.​

Slide 6 - Slide

Give answers for the above question here.

Slide 7 - Mind map

What is goods and services produced in one country and sold to other countries?
A
Imports
B
Free trade
C
Globalization
D
Export

Slide 8 - Quiz

Answer in the next slide

Slide 9 - Slide

Answer the above question.

Slide 10 - Mind map

Answer
Figure 17.2: initial, $6,000; post-shift,
$8,000
Figure 17.3: initial, $70; post-shift, $40

Slide 11 - Slide

As nations specialize in their changing areas of strength, the availability of certain jobs can undergo dramatic changes

Slide 12 - Slide

How do you think trade create employment opportunity?Give examples to support your answer.

Slide 13 - Open question

Answer
 It can help create jobs when higher prices for exported goods motivate producers to produce more, leading to economic expansion. It shifts jobs by requiring, for efficiency, that nation

Slide 14 - Slide

Give a term of the lesson and speak about it.

Slide 15 - Mind map