If You Buy a DVD Player Produced in Japan,a

question 246

Multiple Choice

If you buy a DVD player produced in Japan,a

• A) good was exported by Japan and imported by the United States.
• B) good was imported by Japan and by the United States.
• C) service was imported by Japan and exported by the United States.
• D) service was exported by Japan and imported by the United States.
• E) good was exported by Japan and by the United States.

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Definitions:

U.S. Exports

The outbound shipment of goods and services from the United States to other countries.

Import Quota

A limitation set by a government on the amount or value of a particular product that can be imported into the country.

Exports

Goods or services sold by one country to another, contributing to the selling country's national income.

Imports

Goods and services purchased from other countries, bringing them into a country's domestic market.