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- Review the content from the previous session.
- Display the following list of some countries’ use of resources:
• Japan — limited natural resources; highly industrialized
• Russia — numerous resources, many of which are not economically profitable to develop
• United States — diversified economy; abundant natural resources; has specialized industries
• Côte d’Ivoire — limited natural resources; produces cash crops in exchange for manufactured good
• Switzerland — limited natural resources; produces highly skilled services for a global market
Provide students with examples of each of these.
- Explain that countries engage in trade for the following reasons:
• To import goods and services that they need
• To export goods and services that they can market for profit
- Assign a teacher-selected reading, worksheet, or other reinforcement activity, using available teacher resources.
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