Trade - Grade 4

Who is a producer?

• A person, company or country that makes goods and services for sale.

• A person who purchases (buys) goods and services.

• A person who enjoys having a variety of goods from which s/he buys.

• It is the exchange of goods and services between countries

Who is a consumer?

• A person, company or country that makes goods and services for sale.

• A person who sells goods and profits from it.

• It is the exchange of goods and services between countries

• A person who purchases (buys) goods and services.

What is International Trade?

• A person who purchases (buys) goods and services.

• It is the exchange of goods between two persons.

• It is the exchange of goods and services between countries

• A person, company or country that makes goods and services for sale.

Why is trade important?

• It provides employment.

• It raises living standards.

• It enables consumers to enjoy a greater variety of goods.

• All answers are correct.

What does the UAE export to Japan?

• Cars

• Electronics

• Oil

• All answers are correct

Export means to bring goods into a country. True or false?

• True

• False

The UAE imports oil from other countries. True or false?

• True

• False

Trading provides profits to producers only. True or False?

• True

• False

The producer does all the following, except:

• Uses services.

• Gets money.

• Provides services.

• Make goods.

Everyone should be connected to other countries. True or false?

• True

• False