Trade Terms Flashcards
1
Q
Import
A
Goods and resorces that are bought and brought into your country.
2
Q
Export
A
Goods or resorces sold or sent out to other countries.
3
Q
Tariff
A
A fee or tax on a good that is imported into a country.
4
Q
Quota
A
Limit on ammount of a good that can be imported into a country.
5
Q
Embargo
A
The refusal of one country to trade with another.
6
Q
Free Trade
A
Economic practice where countries can import and export goods without fear of the government stopping it.
