Trade Basics
Bringing goods into a country is called this
What is importing?
Countries trade because they don’t all have the same
What are natural resources?
Making goods in factories is called this type of job
What is manufacturing?
One good thing about trade
What is More goods, lower prices, variety
Countries relying on each other is called this
What is interdependence?
Sending goods to another country is called this
What is exporting?
When one country needs something another has, this happens
What is trade?
These jobs are often outsourced to other countries
What are Call centers, IT, manufacturing
One bad thing about trade
What is Job loss, dependence on other countries
China
This is a tax on goods coming into a country
What is a tariff?
If a country lacks oil, what will it likely do
What is Import oil
This type of job is LEAST likely to be outsourced
What is company leadership?
Trade helps countries get goods they
What is Do not have
These two countries use the largest share of oil.
What is The USA and China
Trade between countries without restrictions is called this
What is free trade?
Countries that have a lot of resources often do this
What is export goods.
Why do companies outsource jobs?
What is To save money
Trade can hurt workers in this way
What is Jobs may be outsourced
This is an advantage of trade.
What is __________________
Why do countries trade with each other?
What is because resources are unevenly distributed.
Why does unequal distribution encourage trade?
Countries depend on each other for needed goods
Outsourcing is when jobs are moved to another
What is country?
Why might some people not like trade?
What is It can cause job loss or inequality
This is a disadvantage of trade.
What is _______________