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Ib chapter2
1. 2-1 Economics and Decision Making 2-2 Basics of Economics 2-3 Economic Systems 2-4 Achieving Economic Development 2-5 Resources Satisfy Needs ENGLAND GERMANY FRANCE DENMARK SWEDEN PORTUGAL International Business Chapter 2 Our Global Economy [P.26-55]
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3. A dual economy happens in must countries, it represents extreme levels of economic development. International Business Chapter 2
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7. Every time we decide how to use the time, money or energy we’re making an economic decision Time Energy $$ International Business Chapter 2-1 Economics & Decision Making Explained
8. What do I need or want. How can I have that. What are the advantages or disadvantages in each case. Based on #3 what is the best option. Do what have to be done Did it solve the problem? International Business Chapter 2-1 The Decision-Making Process
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11. Market Price Is Set by Supply and Demand Amount of Stuffed Animals Price per animal
12. Market Price Is Set by Supply and Demand $ $$$$ International Business Chapter 2-2 Price-Setting Activities
13. Market Price Is Set by Supply and Demand Amount of Stuffed Animals Price per animal
14. Market Price Is Set by Supply and Demand Product Price International Business Chapter 2-2 Price-Setting Activities D S $100 $80 $60 $40 $20 $10 $0 0 20 40 80 160 320
15. Market Price Is Set by Supply and Demand Product Price International Business Chapter 2-2 Price-Setting Activities D S $100 $80 $60 $40 $20 $10 $0 0 20 40 80 160 320
16. Market Price Is Set by Supply and Demand Product Price International Business Chapter 2-2 Price-Setting Activities D S $100 $80 $60 $40 $20 $10 $0 0 20 40 80 160 320
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20. International Business Chapter 2-3 Economic Resources Satisfy Needs Capital Resources Human Resources Natural Resources Production Factors
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29. a country can produce a good or service at a lower cost than other countries exists when a country can produce a good or service with more efficiency than other countries. International Business Chapter 2-5 The Economics of Foreign Trade Absolut Advantage Comparative Advantage
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33. Homework Read the Newspaper!!!!!!! Find an article that involves International Business Get ready to talk about it next class…
34. Quiz One page. Write your name. Elaborate: How International Business affects you
![2-1 Economics and Decision Making 2-2 Basics of Economics 2-3 Economic Systems 2-4 Achieving Economic Development 2-5 Resources Satisfy Needs ENGLAND GERMANY FRANCE DENMARK SWEDEN PORTUGAL International Business Chapter 2 Our Global Economy [P.26-55]](https://image.slidesharecdn.com/ibchapter2-110511103532-phpapp01/85/Ib-chapter2-1-320.jpg)
