Trade Vocabulary Quizs

export

• to send goods (trade) out of a country

• to bring goods into a country

• to sell goods at a loss

• to store goods in a warehouse

producer

• farmer or manufacturer (makes a product)

• consumer who buys products

• retailer who sells products

• distributor who transports products

import

• to bring goods (trade) into a country

• to send goods out of a country

• to exchange goods between countries

• to store goods in a warehouse

tariffs

• taxes on trade

• subsidies for exports

• fees for shipping

• regulations on imports

labor

• refers to "work" or "workers"

• is a type of currency

• is a form of entertainment

• refers to a legal document

trade acts

• give some countries special privileges (no tariffs)

• impose high tariffs on imports

• regulate domestic production

• eliminate all trade barriers

goods

• the physical objects that someone produces for sale

• intangible items that cannot be touched

• services provided by professionals

• items that are not for sale

supply

• how much of a product available on the market

• the total demand for a product

• the price of a product in the market

• the quality of a product offered

consumer

• a person who sells products to others

• a person who buys a product to use/eat

• a person who manufactures goods

• a person who reviews products online

originate

• comes from

• ends at

• is similar to

• is opposite of