Export

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/export

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the scope of exports?Includes tangible goods and intangible services like finance, tourism, and intellectual property
2. What is the customs procedures?Involve verification of goods, collection of duties, and enforcement of import regulations
3. Why do countries export things?Countries export to earn money, create jobs, and help people in other countries get new products and ideas.
4. How do toys travel from one country to another?Toys are packed, shipped by ships or planes, and then cleared by customs in the new country before they can be sold.

Foreign Exchange: Currency of another country held by a nation's central bank or monetary authority.
Economies of Scale: Cost advantages gained by increasing the scale of production.
Tariffs: Taxes imposed by a government on imported goods or services.