What is a trade deficit?

The trade balance is the value of a country's exports minus its imports. If imports are greater, the country has a trade deficit, and if exports are greater, it has a trade surplus. Students calculate the balance for fictional Tarvia from a table of 5 products.

What does a tariff do?

A tariff is a tax on imported goods. It makes those goods cost more, so buyers may choose products made at home. The page explains that tariffs can protect a country's producers but raise prices for its consumers.

6th Grade Goods, Services and Trade Worksheets

Ages 11-12 · Free previews · Print-ready PDFs

Written by Adi Ackerman, Head Teacher

Goods are items that are made and sold, services are work done for others, and trade moves both between people and countries. These goods, services and trade worksheets hold 2 6th grade sheets, each with an answer key. Economics Vocabulary has students match 12 terms such as producer, consumer and entrepreneur to their definitions and then complete 6 sentences. Imports, Exports and Trade uses a table for Tarvia, a fictional country, to find a trade balance, draw a double bar graph and explain what a tariff does.

6th Grade Social Studies Economics and Money Goods, services and trade Clear All

Economics Vocabulary

Grade6th Grade

TopicEconomics and Money

Imports, Exports and Trade

Grade6th Grade

TopicEconomics and Money

More economics and money worksheets

Explore all of our 6th grade economics and money worksheets, covering needs, wants and choices, supply and demand, goods, services and trade, personal finance, and more.

Needs, wants and choices Supply and demand Personal finance Business and taxes Economic systems and inflation

Frequently Asked Questions

Goods are items you can see and touch that are made and sold. Services are work that one person does for another in exchange for pay. Economics Vocabulary has students match both terms, along with 10 others, to their definitions.

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