Question

Create two Economic Scenarios ( I have provided 2 examples)

Exemplar 1 - Bob owns a sandal factory in Canada and Simon owns a sandal factory in Bolivia. Sally lives in Canada and wants some snazzy new summer shoes for her Spring Break trip to Lake Lanier, Georgia. Simon’s shoes cost more due to an import fee. Sally loves them but is on a budget so she unhappily settles for a pair of Bob’s sandals
Exemplar 2 - One country is requiring too high of tariffs on imported goods. The country trying to sell their product gets angry and decides not to buy from or sell to the other country.

Scenarios #1


Scenario #2

Answer 1

Explanation:

Create two Economic Scenarios ( I have provided 2 examples)

Exemplar 1 - Bob owns a sandal factory in Canada and Simon owns a sandal factory in Bolivia. Sally lives in Canada and wants some snazzy new summer shoes for her Spring Break trip to Lake Lanier, Georgia. Simon’s shoes cost more due to an import fee. Sally loves them but is on a budget so she unhappily settles for a pair of Bob’s sandals