1st period World Studies
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HI my name is Noriko and I from Asia which is a market system. That means we buy and sell a lot of things. I hope we can do this as my goal.
Could a buy two metric tons of steel for $500
The hightest a can go is $1,060
I can export you two metric tons of steel for $1,100
Ok thats is fair for me!
Sounds great you can sell you one metric ton of rice for $400.
I would love for you to help are developing conuntrie by giveing us 1 metric ton of rice.
Thats a little to much how about $399 for 1 metric ton of rice.
Could I buy 25 pairs of shoes.
Hold on you will import me 25 pairs shoes for $501 . Sorry I only have $500.
Ok thats fair I will buy 25 pairs of shoes for $500.
Yes you can I will sell them to you for $501.
Then I can sell you them for $500
Ok thats fair a guess I will buy 1 metric ton of bananas for $245.
They are a renewable resource so I will buy them for $200.
Could you give me 1 metric ton of bananas.
You can, but the bananas are in famine. So I can sell you them $300
I know the are a renewable resource, but we have a famine supply of them so $245 is the lowest a can go.
As you can see, my developed country Asia did very well in this game. I eached my goal by doing good trades and buying good products.