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Explain the significance of globalization, multinational, outsourcing, General Agreement on Tariffs and Trade, division of labor and comparative advantage.
Growth and Development How do you think the economic growth of developing countries will affect you and your family in the future?
Using the information you collected, write a plan detailing how United States could assist in alleviating some of the economic problems of a specific country.
What advice would you give a developing Latin American nation that was trying to decide whether to pattern its economic development strategy on India or China?
Writing Access to clean water and sanitation is important to maintaining health. Research the availability of clean water for a developing country.
What you have learned about globalization and global problems, do you think the government should play a smaller or larger role in regulating the U.S. economy?
Scarcity Scarce natural resources are an issue that concerns citizens throughout the world. What can you personally do to help conserve resources?
Explain the changes that would have to take place in order for people to make greater use of renewable energy resources.
Analyzing Globalization has led to an increase in interdependence. In your opinion, is this a positive or negative trend? Explain your reasoning.
If you had to decide to use either legislated standards or a pollution tax to reduce pollution, which you choose? Explain the pros and cons of each approach.
The BIG Ideas As both an environmentalist and an economist, which of the incentives to preserve scarce resources would you advise using? Why?
Explain why incentives exist that cause pollution and how they work. Identify the importance of cost-benefit analysis.
Describe how markets, products, and production increase globalization. Explain the meaning of global interdependence.
Write a paragraph about how you will use your estimates of the costs and benefits to make your decision.
Synthesizing Why has capitalism developed into the most successful economic system? What might this imply about the future?
How does today's capitalism in the United States differs from that of the 1930s? How is cost-benefit analysis useful in the decision-making process?
Scarcity As the president's chief expert on energy issues, what would you suggest we do to conserve our nonrenewable resources? Why?
Drawing Conclusions Why does the United States continue to rely on oil as its primary energy source? Write a paragraph explaining your answer.
The BIG Idea How does population growth affect world resources? How does this relate to the fundamental economic problem of scarcity?
Explain the significance of micro loan, International Monetary Fund (IMF), World Bank, soft loan, expropriation, free-trade area and customs union.
External Debt Many people have suggested debt relief for the poorest of the developing countries. Research debt relief and discuss how it would be applied.
Choose two obstacles to economic development that you would address and explain why you would tackle them first.
Explaining Why is economic development important? Listing What factors can be obstacles to economic development?
Explain the significance of developing country, primitive equilibrium, takeoff, crude birthrate, life expectancy, zero population growth and external debt.
Apply the principle of comparative advantage to the way you and your friend worked. How could you have completed the project more efficiently? Explain.