International Trade And The Global Economy
Akopọ
Look at the label in whatever you are wearing. Then think about where the cotton was grown, where the thread was spun, where the dye came from, which port the container left from and which shipping line carried it. A single shirt may have crossed four borders before it reached you, and at every crossing somebody had to change one currency into another at a rate nobody set on purpose.
This lesson explains why countries trade at all, what free trade means and what the serious arguments against it are, and how a free-trade agreement changes the calculation for its members. You will learn how an exchange rate is determined by exactly the same supply and demand analysis you used for oranges, and work out what happens to consumers and producers when a currency rises or falls. Then you will look at globalisation itself: what has driven it, who has gained, who has paid, and the moral and environmental questions the specification asks you to weigh.
Awọn Afojusun
- Benefits of trade to countries
- Exports and imports
- Free-trade
- Free-trade agreements
- Exchange rates
- How exchange rates are determined
- The effects of changes in the exchange rate on consumers and producers
- Main features of globalisation
- Benefits and drawbacks of globalisation to producers, workers and consumers in developed countries
- Benefits and drawbacks of globalisation to producers, workers and consumers in less developed countries
- Moral, ethical and sustainability considerations
Àwòrán ọpọlọ
A ti ṣe àwòrán kókó yìí kí o lè rí bí àwọn èrò ṣe so pọ̀.
Ṣí àwòrán ọpọlọ nínú áàpù
Káàdì ìrántí
Ìdánrawò kíákíá lórí ohun tí wọ́n ń dán wò nínú kókó yìí.
Ṣe ìdánrawò káàdì wọ̀nyí nínú áàpù
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Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori International Trade And The Global Economy. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- What is a tariff? A. A limit on the quantity of a good that may be imported B. A subsidy paid to exporters C. A tax on imported goods D. An agreement to remove trade barriers Answer: C
- A country's currency appreciates. What is the most likely effect? A. Exports become cheaper abroad and imports become dearer at home B. Exports become dearer abroad and imports become cheaper at home C. Both exports and imports become cheaper D. Neither exports nor imports change in price Answer: B
- A machine costs $500. The exchange rate is 1 dollar to 90 rupees. What is the price in rupees? A. 5.6 rupees B. 590 rupees C. 4,500 rupees D. 45,000 rupees Answer: D
- Which of the following has contributed most directly to the growth of globalisation? A. Higher tariffs on imported goods B. Restrictions on the movement of workers C. The standardisation of container shipping D. The withdrawal of countries from trade agreements Answer: C
- Which of the following is an argument AGAINST free trade? A. Consumers gain a wider choice of goods B. Domestic industries that cannot compete may shrink, causing unemployment C. Firms gain access to larger markets and economies of scale D. World output rises as countries specialise Answer: B
Ṣiṣẹ́ lórí àwọn ìbéèrè wọ̀nyí nínú ohun èlò náà
Ṣiṣẹ́ lórí àwọn ìbéèrè wọ̀nyí nínú ohun èlò náà
Awọn Iwe Itọsọna Ti a Gba Nimọran
Ẹ̀kọ́ síwájú láti àwọn orísun ṣíṣí
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Abala ìwé ẹ̀kọ́
What Happens When a Country Has an Absolute Advantage in All Goods
Show the relationship between production costs and comparative advantage
"Principles of Economics 2e: What Happens When a Country Has an Absolute Advantage in All Goods" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/33-2-what-happens-when-a-country-has-an-absolute-advantage-in-all-goods. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
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Abala ìwé ẹ̀kọ́
How Governments Enact Trade Policy: Globally, Regionally, and Nationally
Explain the origin and role of the World Trade Organization (WTO) and General Agreement on Tariffs and Trade (GATT)
"Principles of Economics 2e: How Governments Enact Trade Policy: Globally, Regionally, and Nationally" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/34-4-how-governments-enact-trade-policy-globally-regionally-and-nationally. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
Àwọn àjọ mìíràn ló tẹ̀ wọ́n jáde lábẹ́ ìwé àṣẹ ṣíṣí, a sì dá wọn lọ́lá bí wọ́n ṣe béèrè. Àwọn ìjápọ̀ ń ṣí ojú òpó wọn.
Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe
Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa International Trade And The Global Economy? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
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