Around the World
Coffee is commonly imported from this type of climate.
Tropical/Warm
When a country buys goods from another country, this is called…
Imports
This country is famous for exporting maple syrup and shares a long border with the U.S.
Canada
International trade means countries exchange goods and services.
True
The tax placed on imported goods is called a…
Tarrif
Many clothes sold in the U.S. are made in factories located…
Overseas / other countries
When a country sells goods to another country, this is called…
Exports
This country is known for electronics manufacturing and exports many phones and technology products.
China
Countries can efficiently produce every product they need.
False
The movement of goods between countries is called…
Trade
Name one reason countries trade.
Lower prices / specialization / resources
Bananas are usually a U.S. _____ because they grow in warmer countries.
Import
This country is famous for coffee exports and is located in South America.
Brazil
Trade only affects governments, not regular people.
False
Goods brought into a country are called…
Imports
Smartphones often involve parts and labor from…
Multiple countries
Soybeans are a major U.S. _____ sold to other countries.
Export
This European country is known for luxury cars like BMW and Mercedes.
Germany
International trade can lower prices and increase choices.
True
Goods sent out of a country are called…
Exports
Why don’t countries make everything themselves?
Because some countries produce certain goods more efficiently or have better resources
Oil can be both an import and an export.
True
This country is famous for sushi and exports brands like Toyota and Sony.
Japan
Only rich countries participate in trade.
Fase
An agreement between countries to trade with fewer restrictions is called a…
Trade agreement / free trade agreement