For the sample work assignment, please submit a short reflection that discusses what you feel confident in and what you feel you need to review more before the test. Alternatively, you can summarize how concepts you learned in this unit can be applied to your budget, spending, investing, etc. This only needs to be a few sentences. Please reach out with any questions.

Question

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1. The Global Economy Introduction

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2. Comparative and Absolute Advantage
Quick Check

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3. Trade Barriers
Quick Check

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4. Multinational Organizations

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5. Multinational Organizations Discussion
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Discussion

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6. Exchange Rate and Purchasing Power
Quick Check

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7. Developed and Less Developed Nations
Quick Check

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8. Role of Investments
Quick Check

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9. Globalization Trends
Quick Check

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10. Arguments on Free Trade Portfolio
Portfolio Item

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11. The Global Economy Apply
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Sample Work

12. The Global Economy Review
Practice

13. The Global Economy Unit Test
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Test

Answer 1

In reflecting on my progress in this unit, I feel confident in my understanding of comparative and absolute advantage, as well as the role of investments in the global economy. I grasped how these concepts influence international trade dynamics and economic strategies. However, I need to review more about trade barriers and their implications, as I found some aspects confusing, particularly regarding their impact on less developed nations.

The concepts learned in this unit, such as understanding exchange rates and globalization trends, can be directly applied to personal finance. For instance, knowledge of purchasing power can help me make informed decisions about spending and investing in different currencies or foreign markets, ultimately aiding in budget management and maximizing investments.