EPF: Module 5 (Trade)

Open Ended

In what ways was trade or exchange evident in your reading today?

Poll

Did anyone consume either of the following this morning or past weekend?

• N/A

• Fruit

• Coffee

• Tea

Open Ended

Where do you think all the parts for computer came from? Your cell phone?

Open Ended

After referencing the graph, what is the top export out of North Carolina?

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After referencing the graph, what is the most unique export for North Carolina?

Open Ended

What 4 states are the top 4 exporters in the U.S.?

Open Ended

In your own words, write out the definition of Absolute Advantage OR Comparative Advantage

Open Ended

1. How does specialization lead to gains from trade, and what are some examples of specialization in different countries around the world?

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2. How does comparative advantage relate to the concept of opportunity cost, and how can it be calculated?

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3. How can countries with limited resources or underdeveloped economies benefit from comparative advantage?

Open Ended

In sum, what is trade on the global scale, and how does it work?

Open Ended

First, relate your reading to some of the major topics covered throughout Unit 1

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Next, discuss something you found particularly interesting or releveant from our Unit 1 material. What about this resonated with you?

Open Ended

What is a song you have been feeling for the past week or so and why?