JA Global Marketplace Sixth Grade Volunteer’s Name Volunteer’s Title Volunteer’s Company
“X” Marks the Spot Key Terms Trade – an exchange of goods or services. Market – a place where trade occurs. Domestic Trade – when people and businesses exchange goods or services within their own country. International Trade – when people exchange goods or services with people in other countries. Imports – goods or services bought from another country. Exports – goods or services sold to another country.
Helpful Links – Session 1 To open the link click on the link and then “esc” the powerpoint slide Imports and Exports - Countries http: //www. worldexportsimports. com/countries. html Imports and Exports - Products http: //www. worldexportsimports. com/products. html
You Be the Judge Key Terms Consumers – people who buy products or services. Producers – people who make or produce goods or services. Trade Barrier – a regulation or law that slows or prevents trading with another nation. Quota – a control on the amount of a product that can be imported into a country Tariff – a tax on goods imported into a country. Subsidy – a government action that decreases an industry’s production costs, which also decreases the price of its good(s). Embargo – a ban on trade with another country for a single good or all goods. Standard – a requirement that stops or limits the sale of a product not meeting certain specifications.
You Be the Judge Free Trade – a belief that products should be free to move from country to country without barriers. What is NAFTA? • Eliminate trade barriers to help the movement of goods and services between the three countries. • Promote fair competition in free trade. • Increase investment opportunities in the three countries. • Provide protection for and enforcement of each country’s intellectual property rights • Create procedures to assist each country in resolving disputes. • Establish a plan to expand enhance the benefits of the agreement.
World Trade Organization WTO
You Be the Judge Should the size, wealth, or political power of a country impact a dispute decision? Why or why not? Should food safety issues be a concern? Why or why not? Should protecting the environment be a concern? Why or why not? Are workers’ rights important? In what way? Should a nation’s laws matter in settling international trade disputes? Why or why not? Should developing nations be favored? Why or why not? Is fairness easy to determine? Why or why not?
Helpful Links – Session 2 To open the link click on the link and then “esc” the powerpoint slide WTO – see trade disputes http: //www. wto. org/english/thewto_e/whatis_e/tif_e/org 6_e. htm
Let’s Make a Deal Key Terms Trade – an exchange of goods or services Imports – goods or services bought from another country. Exports – goods or services sold to another country. Culture – the way of life of a group of people who share tradition, interests, beliefs and everyday activities. Franchise – a special right given to a businessperson to sell a company’s products. Delegation – a group of people sent to speak and act for others.
People Power Key Terms Human Resources – the people who work at a company, business, or organization. Global Trade – occurs when services or goods are marketed around the world. Entrepreneur – a person who starts his or her own business in hope of earning a profit.
Helpful Links – Session 3 To open the link click on the link and then “esc” the powerpoint slide Mc. Donald’s Menu Around the World http: //foodnetworkhumor. com/2009/07/mcdonalds-menu-items-from-around-the-world-40 pics/ Mc. Donald’s World Map http: //www. aboutmcdonalds. com/country/map. html Pizza Hut in Japan http: //www. pizzahut. jp/menu/
People Power
Helpful Links – Session 4 To open the link click on the link and then “esc” the powerpoint slide Naturalization Self Test http: //www. uscis. gov/portal/site/uscis/menuitem. 010 cab 8025677 e 196 31 ef 89 b 843 f 6 d 1 a/? vgnextoid=9 ff 98424 f 8304110 Vgn. VCM 10000047 18190 a. RCRD&vgnextchannel=9 ff 98424 f 8304110 Vgn. VCM 1000004 718190 a. RCRD
World of Words Productivity – the amount of goods produced (output) by a certain number of workers, their resources, and the length of time worked (input). Output Productivity = Worker Hour 100 pages One Scribe = =? 160 worker hours Output = Books x Pages per Book 500 books x 100 pages per book = ? 50, 000 pages Productivity = 40 worker hours = ?
World of Money Currency – a nation’s money. Exchange Rate – the price of one nation’s currency in terms of another nation’s currency.
Helpful Links – Session 6 To open the link click on the link and then “esc” the powerpoint slide Currency Converter http: //www. xe. com/
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