Name________________________

Date_____________Class________

What is global trade?

Outcomes: SSS3.7 Describes how Australian people, systems and communities are globally

interconnected and recognises global responsibilities.

1.

Working towards

Consolidating

Achieved

Match the terms on the left to the correct definitions on the right.

Bartering

The market value of all final goods

and services produced within a
country in a given period of time

Embargo

Penalties that are imposed against

a country for reasons such as
human rights violations.

Sanctions

The exchange of goods or

services between different
countries

Gross domestic
product

A blockade of all trade by one

country on another

Global trade

An ancient system of exchanging

items without the use of money

Name________________________
Date_____________Class________

2.

Answer the following questions.

a)

Why do governments impose quotas and restrictions on global trade?

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How does international trade benefit Australias economy?

b)

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c)

Why were there very few exports during the early years of settlement in Australia?
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d)

Once Australia did begin to trade, what were its exports?

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