Global Trade Review

What is a popular export from Mexico?

• Coffee

• Clothing

• Tea

• diamonds

What is NOT a factor that influences trade?

• high demand

• how well a country can grow products

• children having to do work to get products

• how expensive products are

What is a factor, or reason, that countries trade?

• Countries need to trade to meet their needs and wants.

• Countries need each other because sometimes it’s cheaper to import something than to make it yourself.

• Countries need each other because no country can produce everything it needs or wants.

• All of the above.

Why do countries need each other?

• They have everything they need.

• They need helping making rules and laws.

• They sell what they have a lot of to get the things they do not have.

• They have a good climate that gives them everything they need.

How does climate influence trade?

• Climate is the pattern of weather over a period of time.

• Not all goods can be grown in certain climates which causes low supply.

• Most fruits and vegetables can be grown in any kind of climate.

• Climate does not impact trade.

What are two reasons countries import goods?

• People don't need it, expensive

• High supply, high demand

• People need it, the country produces a lot of it

• Low supply, less expensive

Which details best support the answer to the question 'What factor influences trade?'

• One factor that influences trade is high demand. In India, they prefer to drink tea. They are starting to drink more coffee.

• One factor that influences trade is tea. In India, people drink a lot of tea. They grow coffee beans and sell them to other countries.

• One factor that influences trade is low supply. The United States wants a lot of roses but it doesn't grow enough. The U.S. imports roses from Colombia.

• One factor that influences trade is avocados. Colombia wants to sell avocados but needs to get permission. Florida grows avocados, too.

What country benefits from Americans celebrating Valentine's Day?

• Colombia

• Florida

• Uruguay

• West Africa

Why does Colombia want to export avocados to the United States?

• They want to get rid of some of their avocados.

• They have a low supply of avocados.

• People in Columbia prefer tea to avocados.

• They want to make more money.

An example of something that is rare is ____.

• Avocados in Colombia

• Avocados in the U.S.

• Roses in Colombia

• Clothing in Mexico