Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A network that allows trade is called a market. Trade exists due to the specialization and division of labor, in which most people concentrate on a small aspect of production, but use that output in trades for other products and needs. Trade exists between regions because different regions may have a comparative advantage in the production of some trade-able commodity including the production of natural resources scarce or limited elsewhere, or because different regions' size may encourage mass production.
Q1. What are the effects of the Saudi Arab trade and import policies on the economy?
The student will demonstrate competencies for Economics on completion of the following project:
1. Research the effects of the Saudi Arabian government's policies regarding international trade. Focus on the value of items traded, and the balance of trade. Consider:
A) Name the countries that are trading with the Saudi Arab?
B) How much is Saudi Arabia importing and exporting from/to certain countries?
C) What does an imbalance of importing and exporting do to an economy?
D) How is currency involved?
E) How does the Saudi Arabian government make policies with regard to international trade (like tariffs, import/export taxes, etc.)?
F) How do sanctions on some countries affect their trade with Saudi Arabia? (give examples)
Write a research essay (7-10 paragraphs) analyzing your information. Include detailed information, examples, and works cited.
Important: Students are required to use critical reasoning skills to analyze and evaluate their positions.

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Joshua Stredder
Joshua StredderLv10
29 Sep 2019

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