Economics

A good or service that is brought into the USA to be sold from another country

• import

• export

• tariff

• goods and services

When jobs are given to workers outside of the country because it costs less money for the company to pay the employees.

• import

• export

• outsourcing

• tax

The amount of a good or service that is available for the consumers.

• demand

• import

• export

• supply

The consumers desire to buy a good or service.

• supply

• import

• export

• demand

When there is more than enough of a good or service to equal the number of people who want it.

• demand

• supply

• import

• surplus

When there is NOT enough of a good or service for the number of people who want it.

• import

• scarcity

• surplus

• demand

When what we import into our country matches ( balances) the same cost $$ of what we export to other countries

• balance of trade

• import

• scarcity

• surplus

One of the factors of production is:

• resources

• import

• export

• tariff

Which one is NOT a factor of production

• store

• employee

• resources

• time

A good or service that is sold to another country

• import

• export

• tariff

• goods and services