Global trade worksheet for Grade 7 social studies.

📚 Topic Summary

Global trade is when countries buy and sell goods and services with each other. It's like a giant exchange program where everyone gets what they need or want! Think about it: your bananas might come from Ecuador, and your video game console might be made in China. This exchange helps countries grow their economies and connects people worldwide. But it's also important to think about fairness and how it affects workers and the environment.

Global trade isn't just about buying and selling; it's also about understanding different cultures and economies. It affects everything from the clothes we wear to the food we eat. Let's explore some key terms and concepts to understand it better!

🗂️ Part A: Vocabulary

Match the term with its definition:

1. Term: Export
2. Term: Import
3. Term: Tariff
4. Term: Trade Barrier
5. Term: Globalization

1. Definition: A tax on imported goods.
2. Definition: Goods or services brought into a country from another.
3. Definition: The increasing interconnectedness of countries through trade, culture, and technology.
4. Definition: A restriction on international trade.
5. Definition: Goods or services sold to another country.

✍️ Part B: Fill in the Blanks

Complete the paragraph using the words: consumers, specialization, interdependence, trade, economy.

International ______ allows countries to focus on ______ , producing goods and services they are best at. This creates ______ between nations, as countries rely on each other for different products. It benefits ______ by providing a wider variety of goods at competitive prices, contributing to the overall growth of the global ______.

🤔 Part C: Critical Thinking

Imagine you are the leader of a small country. What are some of the benefits and challenges of participating in global trade? Explain your reasoning.