Practice explaining global trade, imports, exports, specialization, and how trade connects countries around the world.
Read each problem carefully. Answer in complete sentences and explain your thinking when needed.
Understanding how countries exchange goods and services
Social Studies - Grade 6-8
- 1
Define global trade in your own words.
- 2
Explain the difference between an import and an export.
- 3
A country grows a large amount of coffee and sells it to other countries. Is coffee an import or an export for that country? Explain.
- 4
Why do countries trade instead of making every product themselves?
- 5
What does specialization mean in economics?
- 6
Give one example of how geography can affect what a country exports.
- 7
A nation has large forests and produces a lot of paper products. Another nation has limited forests and buys paper from that country. Describe the trade relationship using the words import and export.
- 8
How can global trade benefit consumers?
- 9
How can global trade benefit producers or businesses?
- 10
Name one possible challenge or drawback of global trade.
- 11
What is a tariff, and how can it affect trade?
- 12
Why are ports, railways, roads, and shipping routes important to global trade?
- 13
A store in the United States sells bananas grown in another country. For the United States, are the bananas imports or exports? Explain.
- 14
Explain how global trade can connect people in different parts of the world.
- 15
A country can produce computers efficiently, while another country can produce cocoa efficiently. Explain how both countries could benefit from trade.