Import, Exports, & Tariffs

Import means

• buying goods from another country
• selling goods to another country
• only making one kind of product

Export means

• buying goods from another country
• selling goods to another country
• only making one kind of product

What are tariffs?

• political boundaries between nations
• military blockades of specific countries
• disputes between state governments over boundaries
• taxes on the import or export of goods from a country

When there is not enough of a certian good this is known as?

• economics
• scarcity
• services
• goods

_______ is what happens when good and services are bought and sold.

• human resource
• capital resource
• economy
• trade

The United States gets a lot of goods from China.  This is an example of the United States using ________.

• imports
• exports

The United States sends billions of dollars worth of computers to other countries for sale.  This is an example of an _______

• export
• import

Apples grown in Georgia and shipped to Australia.

• Import
• Export

Wheat grown in Kansas is shipped to Japan.

• Import
• Export

Corn grown in Indiana is shipped to Italy.

• Import
• Export