WORKSHEET

| S01

Exploring Trade Date:

Complete the Frayer Model for each vocabulary term to increase your word knowledge about concepts
related to trade.

Definition Characteristics

Its essential features include

the growing the cross-border connectivity
interdependence of the or integration, free trade
world's economies, cultures, environment and
and populations. interdependency of nations
Globalization
Examples Non-examples

the trading of Deforestation and loss of

commodities such as biodiversity caused by
coffee or avocados economic specialization
and infrastructure
development

Definition Characteristics

bring (goods or Transaction costs. The costs related to the

economic exchange behind trade.
services) into a country Tariff and non-tariff costs. Levies imposed
by governments on a realized trade ow.
from abroad for sale. Transport costs.
Time costs.

Import
Examples Non-examples

An import is any product that's produced abroad

fi
and then brought into another country
Imports can be nished products, like cars, TV
I am importing a
sets, computers, or sneakers, or they can be raw
materials, such as zinc, oil, wood, or grains
car to U.S.A.
Imports are a vital part of the U.S. and global
economy

8th Grade · Challenge 5 · Productivity & Economy 1

 WORKSHEET | S01

Exploring Trade Date:

Definition Characteristics
Their products and/or services are successful
domestically.
send (goods or They have a solid domestic business plan with
proven effectiveness.
services) to another They have speci c advantages over the
competition.

country for sale. Their products and/or services are unique in one or
more ways.

Export
Examples Non-examples

Definition Characteristics

Voluntary
Examples Non-examples

8th Grade · Challenge 5 · Productivity & Economy 2

 WORKSHEET | S01

Exploring Trade Date:

Definition Characteristics

Free Trade
Examples Non-examples

8th Grade · Challenge 5 · Productivity & Economy 3