Chapter 9 Flashcards
Global trade is
buying and selling goods around the world.
Trade works when
people have things that other people want.
Global trade is bigger than ever before because
people have figures out better ways to move and store goods.
An item that comes from nature, such as fish, trees and water is called a
natural resource.
Countries trade _______ ________ that they have for those they don’t.
natural resources
______ grows better in parts of the United States, so we sell it to other countries.
wheat
The United States buys _______ and ________ from other countries because they do not grow well here.
bananas and coffee
Countries also trade things that they make or _________.
manufacture
Two reasons people buy manufactures items from other countries are:
1) lower prices
2) good quality
A pro is
good things
A con is
negative things
What are some pros of global trade?
1) buy things from all over the world
2) good quality
3) low prices
What are some cons of global trade?
1) lose their jobs (when companies move)
2) lose business (when companies move)
3) low pay for workers
