chp 4 zupi reading notes(econ).docx - Section 2 Specialization Division of labor Productivity Encourages trade Economic Interdependence Standard of

chp 4 zupi reading notes(econ).docx - Section 2...

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Specialization Division of labor Encourages trade Productivity Economic Interdependence Standard of Living Section 2 2. Some regions are too isolated, and markets are too small to support a range of specialists (has to do with population density and isolation from large markets). 3. My sister and I decided to barter by voluntarily exchanging a nike shirt for adidas sweatpants. Since there was a coincidence of wants, we didn’t feel the need to exchange any money. 4. 5. The Commerce Clause of the Constitution empowers the national government to promote trade and economic interdependence among the states. In this picture it shows two different people relying on each other for the goods they want. This means that they are economically interdependent. In this picture it shows a self- sufficient society because people are growing their own food instead of relying others.
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Section 3 Turnip Clams Selkirk 10 per hr 40 per day 10 per hr 40 per day Pirate Jack 30 per hr 120 per day 15 per hr 60 per day
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