Identify whether the following items are examples of imports, exports, or neither by dragging and dropping the labels into the correct bins. Assume the United States is considered the domestic country. 1. Glen lives in the U. S. and purchases a video game produced in Japan. 2. Lucy lives in Tennessee and buys an orange grown in Florida. 3. A Chinese consumer purchases a TV produced in China. Import Export Neither 4. A farmer in Iowa sells corn to a food processing plant in China. 5. Chevron, a U. S. based oil company, sells oil to oil refineries in Brazil and Mexico.

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Business

Aidyn Patrick

3 July, 02:24

Identify whether the following items are examples of imports, exports, or neither by dragging and dropping the labels into the correct bins. Assume the United States is considered the domestic country. 1. Glen lives in the U. S. and purchases a video game produced in Japan. 2. Lucy lives in Tennessee and buys an orange grown in Florida. 3. A Chinese consumer purchases a TV produced in China. Import Export Neither 4. A farmer in Iowa sells corn to a food processing plant in China. 5. Chevron, a U. S. based oil company, sells oil to oil refineries in Brazil and Mexico.

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Kamryn Waters · Answer 1

1) Import as the game is fro ma foreing country to the US

2) neither it is a purhase of a good produced within the nation borders

3) as the previous question, neither it is consumption within the country

4) exports the goods aren't used in the country they were produced They will in a foreing country.

5) exports as the company which, is from the US is selling to foreing countries a part of his production