ECON kickoff May 14-15

For today’s kickoff, you’ll need the Econ Alive! book.   Go to pages 333-334.   Answer the following questions (please bold your answers):

1.  What are the “costs” of globalization?   List at least two costs.

2.  What are the “benefits” of globalization?  List at least two benefits.

3.   Which do you think is greater – the costs, or the benefits, of globalization?  Why?

4.  Read the “McDonald’s Case Study” on page 336.    How has McDonald’s changed their American model to adapt to local cultures?  (List at least three)

5.  How did McDonald’s change Chinese culture when it arrived the restaurants opened in China?

100+ words.  Include a relevant photo if you’re NOT on an iPad.


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