Title: Define terms related to trade.
Course: Agriscience & Technology (18001-18A) > Section: Understanding Agricultural Trade

Definition should include terms such as

- economics
- export
- import
- supply and demand
- tariff
- commodity
- trade balance
- sustainability.

Definition may also include

- applications of these terms in international agriculture
- examples of exported and imported products and a description of the value of exports and imports to agriculture
- discussion of the purpose and types of tariffs
- a description of non-tariff trade barriers
- discussion of the function of the World Trade Organization (WTO).

Process/Skill Questions:

- What are some current issues regarding trade with other countries?
- What products are unavailable in the United States because they are not currently being imported?
- How have trade decisions affected AFNR businesses in Virginia?