International trade

International trade

Assessment

Interactive Video

Science, Business

1st - 6th Grade

Easy

Created by

Quizizz Content

Used 2+ times

FREE Resource

The video explains the concept of trade, highlighting that no country can produce all the goods it needs due to uneven distribution of resources like oil, gold, and coffee. It describes how countries import and export goods, often transforming raw materials into finished products for profit. The video uses an example of tantalum's journey from Ethiopia to Australia to illustrate global trade. It also discusses the varying values of raw materials and how this affects the wealth of countries, comparing nations like Saudi Arabia and Kenya, and Bolivia and Japan.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do countries engage in trade?

To showcase their wealth

To exchange goods they cannot produce

To increase their population

To reduce their land size

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used when goods are brought into a country?

Exporting

Manufacturing

Refining

Importing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a finished product?

Crude oil

Raw coffee beans

Unrefined gold

A smartphone

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can countries increase their wealth through trade?

By avoiding trade with other countries

By transforming raw materials into high-value products

By exporting raw materials at low prices

By importing expensive finished goods

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might Saudi Arabia be wealthier than Kenya?

Because it has a larger population

Because it exports more high-value resources like oil

Because it imports more goods

Because it has more land