3E Economics par. 1.3

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Par. 1.2 Assignment 12b

How much interest does John pay in total?

1. 4.000
2. 4.000 x 0,08
3. 65 x 74
4. 65 x 74 - 4.000

Par. 1.2 Assignment 12c

The total budget is ...(1)
The price for product X is ...(2)

1. 1> 260 2> 1,30
2. 1> 260 2> 5,20
3. 1> 520 2> 1,30
4. 1> 520 2> 5,20

Exchange

Direct barter <---------------------------> Indirect barter

Indirect barter leads to:

- More division of labour, more specialisation

- More economy of scale, higher labour productivity

- More trade, less selfsufficiency

assignment

Write down 5 goods we buy from other countries and why

Write down 5 goods from The Netherlands that people from other countries buy and why

Make a top 3 with your neighbour and fill it in here
add to the product if it's about import or export

Causes for import / export

- Availability of goods

- Climate

- Cost advantage

- Expertise

Exchange

International division of labour 

---------------->

Specialisation 

-------------------------->

Goods produced in countries with lowest costs / highest quality ------------------------------------------>

Higher prosperity

Assignment labour productivity

Assignment labour productivity

1> 40.000 / 80 = 500

2> 25.000 / 500 = € 50

3> 55.000 / 100 = 550, ( 550 - 500 ) / 500 x 100 = 10%

4> better education, better machines, better division of labour

5> increase, labour productivity increase > salary increase

6> 1,08 x 25.000 = 27.000; 27.000 / 550 = € 49,09

( 49,09 - 50 ) / 50 x 100 = -1,82%

Hw.

Par. 1.3 Assignments 5 and 8