{"id":6853,"date":"2012-01-10T10:00:00","date_gmt":"2012-01-10T14:00:00","guid":{"rendered":"http:\/\/blog.dearbornschools.org\/farhoua\/?p=6853"},"modified":"2012-01-10T10:00:00","modified_gmt":"2012-01-10T14:00:00","slug":"economics-11012","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2012\/01\/10\/economics-11012\/","title":{"rendered":"Economics – 1\/10\/12"},"content":{"rendered":"

I.\u00a0 Bellwork:\u00a0\u00a0 Q&A \u2013 <\/span><\/strong><\/p>\n\n\n\n\n\n
<\/td>\n\n

Country X<\/span><\/strong>\u00a0<\/span><\/p>\n<\/td>\n

\n

Country Y<\/span><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

Grapefruit<\/span><\/strong><\/p>\n<\/td>\n

\n

10\/tons<\/span><\/strong><\/p>\n<\/td>\n

\n

15\/tons<\/span><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

Olives<\/span><\/strong><\/p>\n<\/td>\n

\n

40\/tons<\/span><\/strong><\/p>\n<\/td>\n

\n

30\/tons<\/span><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/span><\/strong><\/p>\n

\u00a0<\/span><\/strong><\/p>\n

Explain your answer and show\/compare both mathematical relationships<\/span><\/strong><\/p>\n

1. Which country has the comparative advantage in producing grapefruit?<\/span><\/p>\n

2. Which country has the comparative advantage in producing olives?<\/span><\/p>\n

II.\u00a0 Objective:<\/span><\/strong><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Assess the impact of trade policies on domestic activity and world trade.<\/span><\/p>\n

III.\u00a0 <\/span><\/span><\/strong>Absolute & Comparative Advantage Quiz<\/span><\/strong><\/p>\n

IV.<\/span><\/strong>\u00a0 <\/span>Discuss 16-2 Barriers to International Trade: <\/span><\/strong>pgs. 447-454<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Why do countries restrict trade?<\/a><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Types of trade restrictions?<\/a><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>GATT & WTO<\/a><\/span><\/p>\n

V.\u00a0 <\/span>Classwork<\/span><\/strong><\/p>\n