Global Economics Review Notes

Editing Directions

  • This is a READ ONLY Google Slide Presentation. You need to MAKE YOUR OWN COPY of this slideshow so you can edit it and create your own Jeopardy game.
  • To make your own copy, first be sure to be logged into your Google account, then click “File” and “Make a copy…” in the menu above.
  • Once you have your own copy of the slideshow you can now make your changes.
  • Edit the title slide as needed to name your Jeopardy game.
  • On the “Jeopardy Board” slide, replace the generic topic headings with your real topics. Reduce the font size if needed to fit your topic text to the box.
  • On each “Question” and “Answer” slide, simply type in your question and answer text to replace the placeholder text in the middle of the slide.
  • Everything is already hyperlinked to go to the correct slides, so no links need to be added.
  • All other text and items on each slide are linked back to that same slide so the user will not accidentally move to the next slide.
  • Delete this slide when done creating your Jeopardy game.

Jeopardy Board

  • The Jeopardy board includes the following categories:
    • Global Companies
    • Prices & Money
    • Trade Talk
    • Imports, Exports & More
    • Supply Chain/Macro
  • Each category has questions worth 100, 200, 300, 400, and 500.
  • There is also a Final Jeopardy question.

Global Companies

  • $100 Question: DEFINE MNC
    • Answer: A company that has multiple offices and FDIs globally.
  • $200 Question: This U.S. based company has multiple offices around the world specializing in food and beverage, and is famously known for its locally adapted products.
    • Answer: Starbucks.
  • $300 Question: This is when a company builds a factory or buys property in another country.
    • Answer: Foreign Direct Investment.
  • $400 Question: Explain why countries and companies invest in economically developing countries
    • Answer: Lower tax rates, cheaper production costs.
  • $500 Question: Outline one benefit and one limitation of investing in developing countries.
    • Answer: 1. Names the pro/con 2. Provides an example 3. Explains examples

Prices & Money

  • $100 Question: The general rise in price overtime.
    • Answer: What is inflation?
  • $200 Question: A very fast or extreme increase in prices.
    • Answer: What is hyperinflation?
  • $300 Question: The cost of borrowing money
    • Answer: Interest Rates
  • $400 Question: 1 yen = 0.0069 What concept is this? And name the example?
    • Answer: Exchange Rate: Dollar to yen
  • $500 Question: EXPLAIN A MAJOR CAUSE OF ZIMBABWE'S HYPERINFLATION
    • Answer:
      • Zimbabwe printed more money.
      • Printing more money increases the supply.
      • More money means more demand
      • Goods get more expensive
      • The value of money reduces

Trade Talk

  • $100 Question: An agreement between countries to make trade easier.
    • Answer: What is trade agreement
  • $200 Question: This trade deal includes the U.S., Mexico, and Canada
    • Answer: USMCA
  • $300 Question: Government provides money to support production of a good/service
    • Answer: Subsidy
  • $400 Question: Define Trade Barriers
    • Answer: Reduce the opportunity to trade due to conflict and strategic decisions.
  • $500 Question: Evaluate the use of free trade. Give 2 pros and 2 cons
    • Answer: Pro Given Example Explain Con given Example Explain

Imports, Exports & More

  • $100 Question: Buying goods from another country.
    • Answer: What are imports?
  • $200 Question: Selling your country's goods abroad.
    • Answer: Exports?
  • $300 Question: Match Money Outflow/Inflow with Export/Import. Which goes with which.
    • Answer:
      • Money Inflow: Money coming in. Exports are what countries sell so they are making money
      • Money Outflow: Money going out. Imports is when countries buy meaning they spend
  • $400 Question: Differentiate between trade surplus vs deficit
    • Answer:
      • A country exports more than it imports.
      • A country imports more than it exports
  • $500 Question: Outline two ways a country can limit exports and imports
    • Answer: Tariffs and Quotas: A tax on a good/service Limiting the number of goods and services Example: 5% tax on Japan. Limiting the number of cars.

Supply Chain/Macro

  • $100 Question: This measures the value of all goods and services in a country.
    • Answer: What is G.D.P
  • $200 Question: The D in the GDP
    • Answer: Domestic
  • $300 Question: The question asked when a company/country decides to create a product.
    • Answer: What is produce?
  • $400 Question: Answer the 3 economic questions for Canadian Academy
    • Answer: For Whom to produce?
  • $500 Question: Explain the full supply chain for Gong Cha (Bubble Tea). (Full 500 if you can mention locations)
    • Answer:
      • Raw Materials: Brazil - Tea Leaves Tapioca Starch
      • Supplier: India, Taiwan
      • Manufacturer China - Bubble Tea packs
      • Distributor International and local wholesalers (US, China, others)
      • Retailer Bubble Tea Shop (Any country that has a Gong-Cha
      • Consumer Bubble Tea shoppers/loyalists (Canada, US, Japan, China, e.t.c)

Final Jeopardy!

  • Topic: Cost of Production
  • Question: Evaluate the impact of technology on the cost of production with real life examples Hint: Evaluate is pros, cons, judgment. Use the example of milk and cows.
    • Answer:
      • Pros: Efficiency: Cows hooked up into electronic milkers Devices to check performance of cows
      • Cons: Jobs are eliminated. No need for milk farmers Costly: can be expensive to implement
      • Groups Opinion. We believe that countries should/should not invest in technology