Globalization and Trade Summative

Which of these global goods are traded?

• Food, vegetables, animals

• Transportation

• Clothing

• All of the above

What is the definition of trade?

• The act of exchanging goods or services between people or countries

• The process of producing goods and services using natural resources, human resources, and physical capital

• The dependence of countries on each other for resources and trade

• The flow of international trade between countries

What are the advantages of globalization?

• Increased economic growth and opportunities

• Access to a wider variety of goods and services

• Cultural exchange and diversity

• All of the above

There are the disadvantages to globalization

• True

• False

Countries depend on each other to access resources they do not have

• True

• False

What is the highest valued export in each country?

• Products imported from other countries

• The main product or industry that a country specializes in

How are countries around the world interconnected?

• Through trade and globalization

• Through cultural exchange and diversity

• Through international trade

• All of the above

What items do you use everyday that are imported from another country?

• Electronics

• Clothing

• Food

• All of the above

Why is it important to look at the details in a picture?

• To understand the overall message or theme

• To analyze the evidence and make predictions

• To appreciate the artistic value

• To identify the countries of origin

What have you learned so far about trade and globalization?

• Trade involves the exchange of goods and services between countries

• Globalization has both advantages and disadvantages

• Trade affects individuals and countries in various ways

• All of the above