Trade Terms

Question 1

Imports

Answer 1

goods or resources that are bought and brought (into) a country

Question 2

Exports

Answer 2

goods or resources that are sold and sent our (exit) to other countries

Question 3

Tariff

Answer 3

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

Question 4

Quota

Answer 4

is a limit on an 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 counties can import and export food without fear of the equipment stopping it