5th Grade Studies Weekly Unit4 Week 16 Vocabulary

exports:

• what governments buy from other countries

• what governments sell to other countries

• those who used to be in sports

• materials that are purchased from other countries

favorable balance of trade is:

• when a country sells and buys materials

• when a country sells material

• when a country sells more than it buys

• when a country buys materials

imports:

• what governments buy from other countries

• when governments buy other countries

• what governments sell to other countries

• when countries buy other countries

mercantilism:

• I don't even like apples

• a place where manufactured goods are sold

• when manufactured goods are sold as raw materials to other countries

• an economic system that uses raw materials to make manufactured goods for export

speculate:

• to purchase large tracts of land and then resell them in smaller parts for profit

• to combine small parts of land into large tracts

• to wear spectacles

• to purchase large tracts of land and then sell at a loss of profit

tariff:

• a tax on goods going out to other countries

• exports

• a tax on goods coming from another country

• imports