1. Trade and Specialization Trading around the World

2. Terms for Specialization and Trade *Specialization-focus on one or a few aspects of production in order to improve efficiency *Interdependence-the relationship of mutual reliance and influence among groups of people or nations *Trade Barrier-any limitation on the flow of goods between nations *Free Trade-trade among nations that is not restrained by protective tariffs or other government restrictions

3. Why has international trade increased greatly throughout the world? Improvements in communications, transportation, lowering of trade barriers, increased income levels

4. Where in the world? You and a partner will determine from where in the world the items listed on the accompanying sheet came? Use the nations listed on the next slide to help you identify the companies’ nations of origin. Next to each nation is the number of times that nation will be used. The partnership with the most correct answers will receive ½ that amount of bonus points added to their individual bank.

5. Nations to Choose United States (9) France (1) Belgium (1) Netherlands (1) Germany (6) Italy (1) United Kingdom (4) Switzerland (2) Sweden (1) Japan (2) Bahrain (2)

6. Switzerland

7. Sweden (Chinese-owned)

8. Netherlands

9. Japan-congolmerate (subsidiaries)

10. United Kingdom (Scotland)

11. United States

14. Germany

15. Japan-conglomerate

16. United States

17. United Kingdom

18. United States

19. Switzerland

20. Germany

21. United States

22. (University of Florida)

23. United Kingdom

24. Germany

25. United States

26. Germany

27. France

28. Italy

29. Germany

30. Church’s Chicken Bahrain

31. Dial Soap Germany

32. Caribou Coffee Bahrain Arcapita (formerly Crescent Capital Investments). Because Arcapita is an Islamic venture capital firm, bacon was removed from the menu after the sale (pork not being halal). In accordance with Islamic Sharia law, the company does not invest in any businesses which offer credit or charge interest, or sell pornography, alcohol, or pork products. The company also owns Caribou Coffee.

33. Holiday Inn United Kingdom

34. Trader Joe’s United States

35. Belgium