Imports/Exports

Question 1

A country imports because it costs too much to make it in their own country

Accepted Answer

True

Question 2

If Canada has a large supply of fresh spring water, they are going to export those diamonds to other countries

Accepted Answer

True

Question 3

Developing countries don't rely on imports

Accepted Answer

False

Question 4

Importing products provide the USA with little variety of choice and quality?

Accepted Answer

False

Question 5

Countries export because they produce goods and services that other countries want

Accepted Answer

True

Question 6

Countries import because its supply is higher than its demand

Accepted Answer

False

Question 7

If the United States has a lot of oil as a natural resource, they are going to import more oil

Accepted Answer

False

Question 8

A balance of imports and exports makes a healthy economy

Accepted Answer

True

Question 9

A country exports goods and services because it's supply is higher than it's demand

Accepted Answer

True

Question 10

An example of imports are fruits and vegetables that don't grow in the winter months

Accepted Answer

True

Question 11

Exported goods can be natural resources or things made from natural resources

Accepted Answer

True

Questions 11