Trade

What word does NOT refer to the exchange of goods and services

• Barter

• Trade

• Transaction

• Indolence

Which is a form of international trade?

• Trading between China and Jamaica

• Trading between Antigua and Jamaica

• Trading the Bahamas and Jamaica

• Trading between Haiti and Jamaica

Jamaica sells bauxite to the USA which best describes Jamaica’s action?

• Monopoly

• Import

• Export

• Innovation

Which is NOT a reason why people trade? To______

• earn valuable foreign exchange

• obtain goods they cannot grow or produce

• develop healthy relationships with countries

• create trade barriers with countries

Mali is a country which imports more than it exports. How will this affect the economy of Mali? It will _____________

• earn a lot of foreign exchange from trade

• lose valuable revenue in trading

• local producers will make a lot of profit

• open more foreign markets for products from Mali

Every year Mr. Douglas sells 1000 tons of sugar to a company in England. Which word best describes Mr. Douglas?

• retailer

• importer

• exporter

• wholesaler

What is a special benefit experienced by CARICOM countries when they trade with each other? They _________

• pay increased taxes

• pay no taxes or pay at a special rate

• wait a long time for goods to be processed

• develop disagreements which affect trade

Which term refers to an agreement between three or more countries or organizations?

• Multi - lateral

• Bi - lateral

• Consolidation

• Sustainability

Country Product

Grenada Nutmeg, Mace

Jamaica Coffee, Bauxite

Barbados Sugar

Antigua Pineapple

Guyana Bauxite, Rice

Trinidad Asphalt, Oil

Which country is most likely to export materials for fixing roads?

• Barbados

• Guyana

• Antigua

• Trinidad

Country Product

Grenada Nutmeg, Mace

Jamaica Coffee, Bauxite

Barbados Sugar

Antigua Pineapple

Guyana Bauxite, Rice

Trinidad Asphalt, Oil

Which two countries produce the same item?

• Jamaica and Antigua

• Jamaica and Guyana

• Trinidad and Barbados

• Trinidad and Guyana