Imports and Exports

Importing and e (a)   are the two aspects of foreign trade.

Tags

CCSS.L.2.4B

CCSS.L.3.2E

A country spends money on goods it i (a)   and gains money through its exports.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.8.4

CCSS.RI.7.4

F (a)   trade is for keeping domestic prices down by creating competition at home and providing large markets abroad.

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

Governments may have to put restrictions on foreign trade by subjecting imports to c (a)   duties or by restricting some types of exports.

Tags

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RL.11-12.4

CCSS.RL.9-10.4

CCSS.RL.8.4

Customs authorities must make sure that imported goods are not sold at a lower price than that in their country of origin; to assess the domestic price thy require consular ___________ or __________ of value and origin.

• papers / documents

• letters / reports

• statements / bills

• invoices / certificates

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.8.4

CCSS.RI.7.4

Large firms may have their own import and e (a)   departments.

Tags

CCSS.L.2.4B

CCSS.L.3.2E

Both large and small firms deal with clearing and forwarding a (a)   who handle all the details of transporting cargo.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

When goods are sold abroad, buyers who are stockists will have to pay for s (a)   for which they will not receive payment for some time.

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

In order to cover the lag in payment, buyers have to work on a higher p________ m_________.

(a)  

Tags

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.8.4

CCSS.RL.11-12.4

CCSS.RL.9-10.4

Many buyers prefer to become foreign agents who work on c (a)   ; they will not then have to pay for the goods but they must obtain the highest possible prices when the goods are sold.

Tags

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RL.11-12.4

CCSS.RL.9-10.4

CCSS.RL.8.4