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Bellwork

Bellwork. Identify some products that Central America has an abundance of and some products that Central America lacks. Our Clothing: Where did it come from?. Today’s Objective. Recognize basic economic concepts such as imports and exports. Imports vs. Exports. Exports.

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Bellwork

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  1. Bellwork Identify some products that Central America has an abundance of and some products that Central America lacks.

  2. Our Clothing: Where did it come from?

  3. Today’s Objective Recognize basic economic concepts such as imports and exports.

  4. Imports vs. Exports Exports To send a product to be sold in another country For example, Central America exports bananas to the U.S. Exports = EXIT Imports • To bring a product into a country to be sold • For example, U.S. imports bananas from Central America. • Imports = IN

  5. Where was I made? Country: Taiwan

  6. Where was I made? Country: U.S.A

  7. Where was I made? Country: Indonesia

  8. Where was I made? Country: China

  9. Where was I made? Country: Mexico

  10. Where was I made? Country: Vietnam

  11. Central America: Imports & Exports Why??

  12. Today’s Objective Recognize basic economic concepts such as imports and exports.

  13. String Group Activity Rules: • String represents trade. • Each group member will represent a different country. • String will be passed to different countries to trade. • Tariffs • Civil War

  14. The World is Connected through Trade!!

  15. Imports vs. Exports Exports To send a product to be sold in another country Exports = EXIT Imports • To bring a product into a country to be sold • Imports = IN

  16. Essential Questions • How do imports and exports differ? • Why do many countries rely on each other for goods? • Why is it in the best interest of some countries to trade with others?

  17. Global Interdependence Countries that depend on other countries for goods through imports and exports

  18. EXIT SLIP Imagine that you are baking cookies for your family. Your next-door neighbor drops by and tries the cookies. She is very impressed with how tasty the cookies are and she realizes that they are much better than hers. She also realizes that she doesn't have the ingredients necessary to make her own cookies: flour, sugar, eggs, and chocolate chips. She asks if it would be possible for you to make her cookies; she offers to pay you for the ingredients, time, and labor necessary to bake them. You say "No problem", knowing that it would be easy for you to bake some more.

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