International Trade Terms Flashcards
1
Q
Import
A
goods or resources that are sold and sent out to other countries
2
Q
Export
A
goods or resources that are bought and brought into a country
3
Q
Tariff
A
is a fee or tax put on a good that is imported into a country
4
Q
Quota
A
a limit on amount of a good that is imported into a country
5
Q
Embargo
A
the refusal of one country to trade with another
6
Q
Free Trade
A
economic practice of importing and exporting with countries without having the fear of having the government stopping it
