Trade Flashcards
1
Q
Who do we import and export from
A
Major China, USA, India, Korea, Japan
2
Q
What goods do we import and export
A
Import-cars, petrol, phones,computer
Exports-iron ore, coal, natural gas, gold,beef
3
Q
What is tariff
A
A tax to be paid on imported or exported goods
4
Q
Trade
A
The transfer of ownership on goods
5
Q
Multinational company
A
A company that has facilities in more than one country
