Edmentum Economics (L6)

Which of the following is an export (for Vietnam)?

• A Vietnamese coffee farmers sells coffee beans to a shop in China

• A Vietnamese person buys fake airpods on Shopee from a company in China

• A Vietnamese person pays for their child to attend a University in Australia

• The Vietnamese government increases taxes on foreign companies located in Vietnam

Check all of the imports:

• A Vietnamese airline company buys propellers from an American company

• A Vietnamese company hires an advertising agency located in Ho Chi Minh City

• A supermarket in Hanoi purchases beef from New Zealand

• Vinfast buys batteries from a manufacturer in South Korea

Exports are considered a(n) ____________________

• injection

• leakage

Imports are considered a(n) _______________

• injection

• leakage

True or False: Saving is considered a leakage

• True

• False

You decide to put $500 in a bank account. The bank uses some of this money ($100) to give a loan to a local business owner. This loan is a(n) _______________________.

• expense

• injection

• export

• leakage

Which of the following might happen in the factor market?

• a consumer purchase a meal at a local restaurant

• businesses compete to attract the best employees

• a restuarant searches for the cheapest place to buy ingredients

• two companies bid for a new piece of land to build their factory on

Taxes are a form of _________________.

• injection

• leakage