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Trading Favorites

Trading Favorites. Grades 7-12. W hy would you consider trading something you have for something someone else has ? Why do countries trade with one another?. An absolute Advantage :

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Trading Favorites

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  1. Trading Favorites Grades 7-12

  2. Why would you consider trading something you have for something someone else has?Why do countries trade with one another?

  3. An absolute Advantage : • A county or countries that produce goods that other countries cannot produce themselves has an Absolute Advantage in trade.

  4. A Comparative Advantage: • When one country can produce a product or service more efficiently than other countries, they hold a comparative advantage.

  5. Competitive Advantage: • A market may be created based on a real or perceived advantage. Real differences may be difficult, if not impossible to detect. This perceived advantage gives a country a competitive advantage.

  6. Factors that Influence Trade • Climate and Seasons • Economic reasons • Geographic proximity • Consumer demands • Cultural Practices • Resource availability • Research and technology • Severe natural and ecological events

  7. 2011 Top Ten Agricultural Export Partners

  8. 2011 Top Agricultural Import Partners

  9. Top 25 Export Commodities/processing level • Soybean Bulk • Corn Bulk • Wheat – unmilled Bulk • Cotton Ex Linter Bulk • Other Feeders & fodder Semi-processed • Pork Fresh/Frozen Processed HVP** • Beef & Veal Fresh/Frozen Processed HVP • Misc Horticulture Products Processed HVP • Chickens Fresh/Frozen Processed HVP • Other Grain Products Processed HVP ** HVP – High Value Product

  10. Top 25 Export Commodities/processing level • Soybean Meal Semi-processed HVP • Almonds Raw • Rice-Paddy Milled Bulk • Other Veg Oils/Waxes Semi-Processed HVP • Related Sugar Products Semi-processed • Essential Oils Processed HVP • Nonfat Dry Milk Processed HVP • Other Dairy Products Processed HVP • Seed Field/Garden Processed HVP • Beverages Excluding Juice Processed HVP • Other Veg Products Processed HVP • Soybean Oil Semi-Processed HVP • Wine Processed HVP • Chocolate Processed HVP • Bovine Hides – Whole Semi-Processed HVP

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