Question

Match the term to the definition. (3 points) trade deficit trade surplus imports tariff exports subsidy #Goods and services that are bought from foreign countries #Goods and services that foreign countries buy from your country :: When a country exports more than it imports :: When a country imports more than it exports A government bonus to an industry to help it compete against foreign imports a tax on imports

Answer 1

Here are the matched terms to their definitions:

1. **Imports**: Goods and services that are bought from foreign countries
2. **Exports**: Goods and services that foreign countries buy from your country
3. **Trade surplus**: When a country exports more than it imports
4. **Trade deficit**: When a country imports more than it exports
5. **Subsidy**: A government bonus to an industry to help it compete against foreign imports
6. **Tariff**: A tax on imports