42
Lesson 42 of 84 · Trade and Commerce
Trade Agreements Between Countries
Imports are goods brought into a country; exports go out. The U.S. imports electronics from Asia and exports agricultural products worldwide.
Key Facts
1
Every choice has an opportunity cost.
2
Money is a medium of exchange.
3
Needs are different from wants.
Check Your Understanding
Question 1
1 of 2What happens when demand is high and supply is low?