trade Flashcards
1
Q
what is an import
A
purchase of goods from another country
2
Q
what is an export
A
selling goods to another country
3
Q
what is fair trade
A
farmers getting a stable premium for their products
4
Q
what is trade
A
buying and selling of products
5
Q
what is a trade bloc
A
trading partnerships between different countries
6
Q
what is free trade
A
when countries trade with no limits to the amount of goods that can be imported or exported
7
Q
what is an import tariff
A
tax that is sometimes put on goods that enter a country
8
Q
what are quotas
A
restrictions on the amount of particular goods that can be imported each year
