The Benefits of Free Trade for Developing Countries

Question 1

Imports

Answer 1

are good for resources that are bought and brought into a country

Question 2

Exports

Answer 2

are good for resources that are sold and sent out to other countries

Question 3

Tariff

Answer 3

is a fee or tax on a good that can be imported into a country

Question 4

Quota

Answer 4

is a limit on amount of a good that can be imported into a country

Question 5

Embargo

Answer 5

is the refusal of one country to trade with another

Question 6

Free Trade

Answer 6

is an economic practice where countries can import and export goods without fear of the government stopping it.