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