8.4.2 - Benefits
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Practice Questions
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What is global trade?
💡 Hint: Think about what happens when countries sell to each other.
List one benefit of global trade.
💡 Hint: How do different countries affect prices?
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Interactive Quizzes
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What is one major benefit of global trade?
💡 Hint: Think about how consumers are affected by prices.
True or False: Economic interdependence can lead to increased financial risks.
💡 Hint: Consider the risks of relying too much on others.
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Challenge Problems
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Discuss how a country can mitigate the effects of relying too heavily on one trade partner. Consider policies or strategies that could be useful.
💡 Hint: Think about how companies diversify their client base to reduce risk.
Analyze the potential benefits and drawbacks of economic interdependence in a case study of a recent financial crisis.
💡 Hint: Consider how interconnected banking systems can spread financial risk.
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