Global and Local Goods and Services

An example of a LOCAL good is...

• Ski Lessons

• Pineapple

• Surf Lessons

• Cars

An example of a LOCAL service is...

• Ski Lessons

• Pineapple

• Surf Lessons

• Cars

An example of a GLOBAL good is...

• Ski Lessons

• Pineapple

• Surf Lessons

• Cars

An example of a GLOBAL service is...

• Ski Lessons

• Pineapple

• Surf Lessons

• Cars

True or False:

A country can grow and make all the goods it needs.

• True

• False

True or False:

Some countries have better weather for growing certain foods.

• True

• False

Hawaii does not produce cars because...

• We don't have the land for factories.

• We don't have the materials we need.

• It is too expensive to ship the materials.

• All of the above are correct.

Bananas are a GLOBAL good because...

• Other countries have the right climate for growing.

• Other countries have cheaper workers.

• Other countries have land for growing bananas.

• All of the above answers are correct.

When a country sells goods to other countries and ships them away it is called...

• Importing

• Exporting

When a country buys goods from other countries and brings them into the country it is called...

• Importing

• Exporting