The trade

- Explain how prices are formed in a situation of perfect competition. You can use an imaginary example.

- Explain how prices are formed in a situation of a hidden oligopoly. You can use a real example.

- We saw in previous units what the duties were. So try to remember, and explain what the duties are. Add an example to your explanation.

- Are there tariff barriers among the countries of the European Union? Why?

Watch the following video and answer:

- For what official reason is China considering increasing the wine duties?

- What is the real reason?

- Why has the EU done such a thing?

Research and find out what WTO is, and make a digital presentation with your conclusions. Once finished, send it to your teacher by email.

You already know this smartphone:

L et's find out a few thing about it: - How much is it? - Where is the company that created it located (Apple)? - Where is it manufactured? - What is the average salary of a worker in that area or country? - What is coltan? Which countries is it extracted from?

From the following news, explain the meaning of "fiscal engineering".

- Explain what a multinational is. In your explanation, include the following items:

• What kind of company? (cooperative?, Private Limited Company?)
• Where is its nerve centre?
• Where are its products manufactured? Why?
• In which markets does it sell its products?
• Where do the obtained profits of its sales go to?

- Find out in which countries  the following companies operate: Carrefour - Ikea - Mediamarkt

- Find out the origin country of each of them.