JA Global Marketplace Sixth Grade Volunteer’s Name Volunteer’s Title Volunteer’s Company

“X” Marks the Spot Key Terms Trade – Market – Domestic Trade – International Trade – Imports – Exports – an exchange of goods or services. a place where trade occurs. when people and businesses exchange goods or services within their own country. when people exchange goods or services with people in other countries. goods or services bought from another country. 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 Imports and Exports - Products

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 – What is NAFTA? a belief that products should be free to move from country to country without barriers. 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 and 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

Let’s Make a Deal Key Terms Trade – Imports – Exports – Culture – Franchise – Delegation – an exchange of goods or services goods or services bought from another country. goods or services sold to another country. the way of life of a group of people who share tradition, interests, beliefs and everyday activities. a special right given to a businessperson to sell a company’s products. a group of people sent to speak and act for others.

People Power Key Terms Human Resources – Global Trade – Entrepreneur – the people who work at a company, business, or organization. occurs when services or goods are marketed around the world. 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 McDonald’s Menu Around the World pics/ McDonald’s World Map Pizza Hut in Japan

People Power

Helpful Links – Session 4 To open the link click on the link and then “esc” the powerpoint slide Naturalization Self Test 31ef89b843f6d1a/?vgnextoid=9ff98424f VgnVCM aRCRD&vgnextchannel=9ff98424f VgnVCM aRCRD

Productivity = Output Worker Hour One Scribe = 100 pages 160 worker hours = ? Output = Books x Pages per Book 500 books x 100 pages per book = ? Productivity = 50,000 pages 40 worker hours = ? 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).

World of Money Currency – Exchange Rate – a nation’s money. 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