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International Business Do Now

International Business Do Now. 2/19/14: Identify the three (3) Economic Questions. International Business. Unit 1: Our Global Economy Three Economic Questions What goods and services to produce? How will goods and services be produced?

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International Business Do Now

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  1. International Business Do Now 2/19/14: Identify the three (3) Economic Questions.

  2. International Business Unit 1: Our Global Economy Three Economic Questions • What goods and services to produce? • How will goods and services be produced? • What needs and wants will be satisfied with the goods and services produced?

  3. International Business Unit 1: Our Global Economy Economic Resources The three types of resources used to produce goods and services are called Factors of Production. They are: 1) Natural Resources (Land) 2) Human Resources (Labor) 3) Capital Resources (Capital)

  4. International Business Unit 1: Our Global Economy What does Isolationism mean?

  5. International Business Unit 1: Our Global Economy Isolationism refers to the United States longstanding reluctance to become involved in European alliances and wars.

  6. International Business Unit 1: Our Global Economy Throughout the history of the United States up through World War 2 our foreign policy consisted of some form of isolationism. • Monroe Doctrine (1823)

  7. International Business Unit 1: Our Global Economy • The United States was content to export our surplus goods to other countries, but we didn’t want foreign countries doing the same to us. • In order to discourage this practice we implemented …….?

  8. International Business Unit 1: Our Global Economy Tariff – A duty or tax imposed by a government mostly on imported goods.

  9. International Business Unit 1: Our Global Economy • It took World War 2 for the United States to finally realize that a policy of isolationism was no longer going to work politically or economically.

  10. International Business Unit 1: Our Global Economy • So what have we ended up with?

  11. International Business A Global Economy

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