Group+3

=Welcome members of group 3= toc

Members

 * Barrios Berríos |||||| Sara Salomé ||
 * Briceño Villegas |||||| Génesis Teresa ||
 * Valero Dalman |||||| Rossana Karina ||
 * Montoya Villasmil |||||| Mariel Alejandra ||
 * Simoza León |||||| Brian Alexander ||

Your Tasks
Go to our pbworks page and answer here the following activities:


 * Class discussion** activities 3 and 4.

>> increase the global production possibility frontier. >> We are for international trade because the trade is essential vehicle for economic development. Other reason is because the trade
 * 1) Discuss with your group the following questions:
 * 2) What are the reasons countries trade? The most important reason is because the trade promote the economic development,increases the global level of output because free trade permits specialization among countries and
 * 1) What disadvantages might there be? One disadvantage is that some countries the import substituing industrialization.
 * 2) What factors do you think influence trade? We think that the factors to influence trade are: the economic system of the country, the technological advances, the time, the cost of transportation and where is the country situated.
 * 3) Choose either //**for**// or **//against//** international trade. Make a list of your reasons.


 * Checking our ideas: Why do countries trade?** activities 1 and 2.


 * 1) Decide on the text your group is going to read.
 * 2) Read as a group. Check on the reaons that countries conduct trade and the advantages and disadvantages of trade.

=why do countries trade?= Countries conduct trade becausethey need to export goods and services to finance imports of those products we cannot produce in this country. Some of the advantages is trade allows firms to exploit scale economies by operating in larger markets for example the European Union. Other advantage is if we were in trade deficit during an economic boom helps to reduce demand-pull inflation. On the other hand, imports can help to satisfy excess demand from consumers. Some disadvantages about trade are