Trade

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

Pick the right options in the dropdown below.

 

​ (a)   are goods that are sold to another country while ​ (b)   are goods that are bought from another country.

• Exports

• imports

• labor

• currency

Which Term? - To sell goods to another country.

• Import

• Exit

• Export

• Compromise

What do you call trading across state lines?

• International Trade

• Highway Commerce

• Inner State Commerce

• Interstate Commerce

A form of trade in which goods are services are traded for something other than money is called _________________________.

• factory

• export

• import

• bartering

Goods or services that a country buys from other nations.

• Duty

• Tariff

• Export

• Import

Look at the picture. What are some questions that would help you learn more about what is happening?

• Are the containers full of wants or needs?

• Are the products imports ot exports?

• What kinds of resources were used to make the products?

• What kind of technology was used to create the products on the ship?