International trade

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/international-trade

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the influencing factors in trade?Currency, government policies, economic conditions, and legal systems significantly impact cross-border transactions
2. Why do countries trade with each other?Countries trade because each can make some things better than others, so they share what they are good at, making life easier and cheaper.
3. How did international trade start?It began a long time ago with simple bartering on routes like the Silk Road, where people traded silk, spices, and metals between Asia and Europe.

Comparative Advantage: The ability of a country to produce a good or service at a lower opportunity cost than others.
Tariffs: Taxes imposed by a government on imported goods, intended to protect domestic industries.
Supply Chain: The entire process of producing and delivering a product or service, from raw materials to the customer.