Monday, December 12, 2011

Retail

1. Why are retail sales an important economic indicator (10 minutes)
2. Continue reading: 
1. International Trade
1. How the concepts of absolute and comparative advantagae determine what countries produce
2. Why businesses export and import
3. How foreign exchange rates affect imports and exports
4. How protectionist measures reduce the volume of imports and raise prices
2. The Global Economy
1. How NAFTA has increased international trade within North America
2. How managers decide how to get involved in the global economy
3. How managers deal with the challenges they face when working in a different culture