Title: Explain how international business influences the balance of trade in importing and exporting.
Course: Agricultural Business Operations II (18201-36) > Section: Understanding International Business

Explanation should include

- definitions of
  - supply and demand
  - free trade
  - import
  - export tariffs
- international embargo
- influences of trading with international business.

Process/Skill Questions:

- What are factors to consider when exporting products?
- What government agency regulates international trade for agriculture?
- How is aid different from trade?
- How does international trade affect American farmers?
- What are some examples of embargoes?
- How are tariffs regulated? How can another country refusing to buy American products affect prices?