3E Economics par. 6.1

In 2010 The Netherlands had an export of 460 billion and an import of 440 billion. Germany had an export of 600 billion and an import of 620 billion.
Which country has a more open economy?
A
The Netherlands
B
Germany
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Slide 1: Quizvraag
EconomieMiddelbare schoolvwoLeerjaar 3

In deze les zitten 16 slides, met interactieve quizzen en tekstslides.

time-iconLesduur is: 45 min

Onderdelen in deze les

In 2010 The Netherlands had an export of 460 billion and an import of 440 billion. Germany had an export of 600 billion and an import of 620 billion.
Which country has a more open economy?
A
The Netherlands
B
Germany

Slide 1 - Quizvraag

Import and Export
Value of imports
Import ratio = ------------------ x 100%            
GDP

Value of exports
Export ratio = ------------------ x 100%          
GDP

Slide 2 - Tekstslide

Causes for import / export
- Availability of goods
- Climate
- Location
- Cost advantage
- Expertise

Slide 3 - Tekstslide

Availabiliy of goods
Climate
Cost advantage
Expertise
cars from Germany
clothes from Bangladesh
oil from Quatar
rice from Indonesia

Slide 4 - Sleepvraag

Import and Export
International division of labour --------> Specialisation -------->
Goods produced in countries with lowest costs / highest quality ------> Higher prosperity

( The Netherlands focusses on knowledge economy and innovation )

Slide 5 - Tekstslide

Import and Export
Globalisation increased because of:
- lower transport costs
- better ICT
- multinationals
- cooperation in the EU

Slide 6 - Tekstslide

European Union
- Free movement of goods and services ( no trade restrictions )
* no import duties between member states
* no export subsidies on export to member states
- Free movement of labour and capital
* employees, money, investments
- Common trade restrictions to non member states


Slide 7 - Tekstslide

European Union
- The EU forms one big internal market 
- Businesses can profit from economies of scale ( higher productivity )
- European businesses can compete with businesses from Asia and the USA

Slide 8 - Tekstslide

Protectionism
Article protectionism USA

Slide 9 - Tekstslide

Protectionism USA

Slide 10 - Woordweb

Protectionism
Reasons protectionism:

- protect own industry against foreign competition
- protect own employment

Slide 11 - Tekstslide

Protectionism
Protectionist measures:
- Import duties
- Import quota's
- Import bans
- Government regulations
- Export subsidies

Slide 12 - Tekstslide

Production costs in The Netherlands € 0,50. Production costs in China € 0,30. Transport € 0,05
Import duty The Netherlands should minimally be ...(1) and export subsidy The Netherlands should minimally be ...(2)
A
1 € 0,15 2 € 0,15
B
1 € 0,15 2 € 0,25
C
1 € 0,25 2 € 0,15
D
1 € 0,25 2 € 0,25

Slide 13 - Quizvraag

Protectionism
Disadvantages protectionism:

- Countermeasures from abroad
- Products more expensive }                 Lower
- Lower quality products }                     Prosperity

Slide 14 - Tekstslide

Who are bothered the most by protectionist measures?
A
USA
B
Asia
C
Europe
D
Developing countries

Slide 15 - Quizvraag

Hw.
Par. 6.1 assignments 6 and 8

Slide 16 - Tekstslide