Macro: Trade Situation
Updated: 6/10/2020
Macro: Trade Situation
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Storyboard Text

  • Santa!!?? Is that you??
  • Hi Clara! You were suppose to be sleeping..
  • Why do you steal toys from China?
  • Steal?! China?! Clara, I want you to know that I would never do that.
  • Oh! Ho! The labels on your toys were not removed when it came in from the shipment. That must have been one of the elves.
  • Wait...so those toys are not made here in America?
  • China trades America most of the toys that are sold here today,
  • Wow! I did not know that..so..America imports toys from China and what do we export to China?
  • Good question!! You are learning so quickly Clara. The U.S trades soybeans and many more goods to China.
  • I love Soy milk! Wait, but why do countries have to trade?
  • Well, some countries are better at producing and specializing in certain goods and services than other countries so some countries are able to produce more goods and services than another country could.
  • Ohh. now I understand trade in terms of exports and imports. That sticker was just saying that the toy was made in China.
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