Chapter 4.1: Review and Assessmnt ENT

• Economie

Chapter 4: Global Opportunities

Section 4.1: Global entrepreneurship, Pages 78-84

Objectives

Describe the effect of outsourcing for increased profitability

Analyze tariffs and how they inhibit free trade

Create an ad for a product to be exported for teenagers.

The interconnected economies of the nations of the world

1. Entrepreneurship
2. Globalization
3. Connectivity
4. Global economy

Give your answers here for the above situation.

List one advantage and disadvantage of outsourcing

Trade Barriers have fallen

A trade barrier is a restriction on goods entering or leaving a country. The lowering of trade barriers has increased the

flow of goods among countries.

A tariff is a type of trade barrier. Tariffs are taxes imposed by

a government on imported or exported goods, although primarily on imported goods. Governments often charge import tariffs to protect domestic industries.

A restriction on goods entering or leaving a country

1. Tax
2. Tariff
3. Trade Barrier
4. Regulations

This is a type of trade barrier

1. Tariffs
2. Regulations
3. Trade Barriers
4. Tax

Reference to the video find how do tariffs inhibit trade.

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Create an advertisement

Choose a foreign country or culture that interests you. Design an advertisement for a product aimed at teenagers

in that country. Write the ad copy (words) in English and incorporate color and visual images that will help communicate your message.

Create a draft of your ad, and if possible, fi nd people from your target
culture to comment and suggest revisions.

Use the picture of an ad here

Write the slogan of the ad here.

Give main terms of the lessons.