Global Trade · seed 1 · A4, ink-friendly. The answer key prints on its own page for grown-ups.

Why Countries Trade

Life Skills · Money & Finance · ages 9-11
Name ______________________   Date ____________

  1. Which of these is an example of an export?

    • A country buys coffee from another country
    • A country sells its coffee to other countries
    • A country drinks all its own coffee

  2. Why does a country buy things from other countries?

    • Because it can't make everything it needs
    • Because its own products are bad
    • Because other countries pay it to buy things

  3. Every country in the world uses the same money.

    Circle one:   True   False

  4. A country builds cars and ships them to be sold in other countries. Is that an import or export for that country?

    • Export
    • Import
    • Neither, it's a gift

  5. Canada is too cold to grow bananas well. What does Canada do to get bananas?

    • Stop eating bananas
    • Grow bananas indoors in the snow
    • Import bananas from a warmer country

  6. You are traveling from the United States to Mexico. What should you do with your money?

    • Use dollars everywhere in Mexico
    • Exchange dollars for pesos before spending
    • Leave all your money at home

  7. A shop in your country sells oranges labeled 'Grown in Spain.' What is this an example of?

    • An import your country brought in
    • A product with no connection to trade
    • An export your country sent out

  8. Jay says his country makes everything itself, so it never needs to trade. What's the mistake in Jay's thinking?

    • His country is the only one that trades
    • Trade only happens between neighboring countries
    • No country can produce every single thing it needs
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Answer key

For grown-ups. Fold this page away before handing over the rest.

Why Countries Trade W1-mt_0Rx1ISxXFE-s1

  1. A country sells its coffee to other countries · An export is a good that leaves the country to be sold somewhere else.
  2. Because it can't make everything it needs · Every country is missing something, whether that's certain crops, materials, or factories, so it trades to get it.
  3. False · Each country has its own currency, like dollars, yen, or euros.
  4. Export · Goods leaving the country to be sold elsewhere are exports.
  5. Import bananas from a warmer country · When a country can't grow or make something, it imports it from a country that can.
  6. Exchange dollars for pesos before spending · Mexico uses pesos, not dollars, so travelers exchange their money first.
  7. An import your country brought in · Goods coming from another country into yours are imports, even something as small as fruit at a shop.
  8. No country can produce every single thing it needs · Even large, resource-rich countries still import things they can't grow or make themselves.
Worksheet · LightMySky