The Global Game Board, economics homework

The Global Game Board, economics homework

1.  Define comparative advantage, and explain how a country gets a comparative advantage in the production of a certain good.

(5 points)

Score

2.  Explain why globalization is increasing the gap in income, wealth, and economic growth that already exists between developed and developing countries.

(5 points)

Score

3.  What is the purpose of the WTO? Explain one positive effect and one negative effect the WTO’s operations can have on member countries.

(5 points)

Score

4.  Describe how the globalization of production leads to environmental damage.

(5 points)

Score

5.  Explain why the high-tech and textile industries in the United States are facing continued job losses.