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Vocabulary
free tradetrade barrierseconomic activitiesbenefitscostsinternational trade
Skills
  • compare (effects of free trade and trade barriers on economic activities) #dok2
  • analyze (benefits and costs of participating in international trade) #dok3
Learning Targets
  • I can compare the effects of free trade and trade barriers on different economic activities. #dok2
  • I can analyze the benefits of participating in international trade. #dok3
  • I can analyze the costs of participating in international trade. #dok3
Big Ideas
  • International trade practices, including free trade and trade barriers, have significant effects on the economic growth and well-being of societies.
  • Evaluating both the benefits and costs of engaging in international trade helps societies make informed economic decisions.
Essential Questions
  • What are the main differences between free trade and trade barriers?
  • How do free trade and trade barriers impact economic activities within and between countries?
  • What are the benefits and costs associated with a country participating in international trade?
  • How can governments use trade policies to achieve economic and political goals?
  • What factors should be considered when evaluating the effects of international trade on a nation's economy?