Geography Term 2

Question 1

Define trade.

Answer 1

Buying and selling, bartering and exchanging goods.

Question 2

What does exchange mean?

Answer 2

To exchange or swap something for something else.

Question 3

What are goods?

Answer 3

Things that people buy and sell.

Question 4

What does value mean when used in the trade world?

Answer 4

Value is how much something is worth, eg how much money something is worth.

Question 5

What is the difference between import and export?

Answer 5

Import is when goods are purchased from other countries.
Export is when goods are sold to other countries.

Question 6

Define natural resources.

Answer 6

Resources that comes from nature.

Question 7

What is climate?

Answer 7

Climate is what the weather is like over a long period of time.

Question 8

What does barter mean?

Answer 8

To exchange goods for other goods. So instead of money, goods are used.

Question 9

What is another word for exchange?

Answer 9

Barter

Question 10

Why do people trade?

Answer 10

People trade to get things they need.

Question 11

When things are sold for money, they must first determine the ___(1)___ and ___(2)___. If the price is too ___(3)___, people won’t buy it. People don’t only exchange goods for money, they ___(4)___ for money too.

Answer 11

1. value
2. price
3. high
4. work

Question 12

Name some natural resources that South Africa has.

Answer 12

Minerals in rocks like gold, diamonds and iron.

Question 13

What is the reason that countries import certain goods?

Answer 13

Usually a country will import goods that it cannot make itself.