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Georgia standard · Social Studies

`SS7E5`Voluntary Trade in Middle East

Explain how voluntary trade benefits buyers and sellers in Southwest Asia (Middle East).

Appears in: Social Studies, Grade 7

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Expectations

SS7E5.a
Explain how specialization encourages trade between countries.
SS7E5.b
Compare and contrast different types of trade barriers, such as tariffs, quotas, and embargoes.
SS7E5.c
Explain why international trade requires a system for exchanging currencies between nations.
SS7E5.d
Explain the primary function of the Organization of Petroleum Exporting Countries (OPEC).

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