The Global Game Board, economics homework
1. ; Define comparative advantage, and explain how a country gets a comparative advantage in the production of a certain good.
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2. ; Explain why globalization is increasing the gap in income, wealth, and economic growth that already exists between developed and developing countries.
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3. ; What is the purpose of the WTO? Explain one positive effect and one negative effect the WTO’s operations can have on member countries.
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4. ; Describe how the globalization of production leads to environmental damage.
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5. ; Explain why the high-tech and textile industries in the United States are facing continued job losses.