Trade Terms Flashcards
1
Q
import
A
goods or resources that are bought and brought (into) a country
2
Q
export
A
goods or resources that are sold and sent out (exit) to other countries
3
Q
tariff
A
a fee or tax on a good that can be imported into a country
4
Q
quota
A
a limit on amount of a good that is imported into a country
5
Q
embargo
A
the refusal of one country to trade with another
6
Q
free trade
A
an economic practice where countries can import and export goods without fear of the government stopping it
