Trade and Development (Yr8)

What is meant by development in geography?

• Improving the overall quality of life in a country

• Improving the overall wealth of a country

• Increasing the population of a country

• Increasing the size of a country

What is trade?

• The selling of goods to another country

• The buying of goods from another country

• The buying and selling of goods between countries

Imports are...

• All the products and goods that are made in a country

• All the products and goods that are sold between countries

• All the products and goods bought in by a country

• All the products and goods used to improve quality of life

Exports are...

• All the products are goods grown in another country

• All the products and goods sold by a country

• All the products and goods that are thrown out

• All the products and goods that expire

A Trading Bloc is...

• A group of countries that produce the same products and goods

• A group of countries that do not trade with one another

• A group of countries that have agreed to trade together and reduce barriers

• A group of countries that have agreed to trade together but for a higher price

The European Union is an example of a Trading Bloc.

• True

• False

A producer is...

• A country that produces (makes) and sells a certain good

• A country that buys and imports a certain good

• A country that enables trade with a Trading Bloc

A consumer is...

• A country that produces (makes) and sells a certain good

• A country that buys a certain product

• A country that controls the agreements in a Trading Bloc

Which countries mainly export raw goods? (E.g. fruit, veg, minerals)

• HICs

• LICs