Market Regulation and International Trade

Match

Match the following

• Patent
• Cartel
• Public Franchise
• Specialization
• Market Structures

Legal protection for inventions

Agreement between competing firms

state sponsored monopoly

Focus on a specific area of production

Different types of market organization

• Legal protection for inventions
• Agreement between competing firms
• state sponsored monopoly

• Focus on a specific area of production
• Different types of market organization

Multiple Choice

Why is international trade important?

• allows countries to expand their markets and access goods and services that otherwise may not have been available domestically

• Allows countries to gain territory that would otherwise not be available to them given their resource markets

Hotspot

Click on the 3 Asian countries that specialize in natural resources that are non-renewable

Categorize

Options (6)

concentrate on and become expert in producing particular goods

based on resources or products which one country needs and another can provide

A country decides that they would rather import a clothes instead of producing it

A country decides that it will concentrate on its labor market on the production of oil

Organize these options into the right categories

Specialization

International Trade