Module 5: Economics

Globalization

• The process in which countries are increasingly linked

• Music, food, sports, movies

• Any law that limits free trade between nations

• Removes trade barriers between nations since 1995

Popular Culture

• The process in which countries are increasingly linked

• Music, food, sports, movies

• Any law that limits free trade between nations

• Removes trade barriers between nations since 1995

Free Trade

• The process in which countries are increasingly linked

• Music, food, sports, movies

• Any law that limits free trade between nations

• Removes trade barriers between nations since 1995

Trade Barrier

• The process in which countries are increasingly linked

• Music, food, sports, movies

• Any law that limits free trade between nations

• Removes trade barriers between nations since 1995

Modern technology, improvements in transportation, and improvements in communication have caused ___________.

How has popular culture affected the United States?

• Transportation has improved

• More choices of food, technology, clothing, sports, and movies

• Loans, healthcare and infrastructure

• Apple, Nike, Toyota

Apple, Nike, Toyota are examples of___________ corporations

How do multinational corporations impact the GDP of a country?

• Pass laws

• loans, healthcare, education, or infrastructure

• It gives a country more stores, restaurants, and websites

• Apple, Nike, Toyota

What is not a main import to the US

• Computers/Electronics

• Milk

• Cars

• Oil

What is a reason a government may use trade barriers?

• To improve communication

• To get goods more easily

• To help others

• To protect their country's jobs and industries