To stay competitive in the tech market, the US ______ most of its silicon chips from Japan and China.

Rationale

Imports

To remain competitive in the tech market, the United States imports most of its silicon chips from Japan and China. Importing refers to the process of bringing goods or services into a country from abroad for sale. The US heavily relies on these imports to support its technology sectors, which require high-quality silicon chips for manufacturing electronics.

A (Deports) YOUR ANSWER

Deportation involves the removal of individuals from a country, not goods or products. Using this term in the context of silicon chips is incorrect, as it refers to a legal action concerning people rather than the movement of products.

B (Exports) YOUR ANSWER

Exporting is the act of sending goods or services to another country for sale. The statement specifies the US acquiring silicon chips from other countries, making "exports" an incorrect choice as it involves sending goods out, not receiving them.

C (Reports) YOUR ANSWER

Reporting refers to the act of giving a spoken or written account of something. It does not relate to the movement of goods or trade practices. Thus, using "reports" in this context is inappropriate as it concerns communication rather than commerce.

D (Imports) CORRECT

Importing is correctly used in the context of the US acquiring silicon chips from Japan and China. This action involves the buying and bringing in of goods from foreign countries to meet domestic demand and maintain competitiveness in the tech industry.

Conclusion

In international trade, importing is the process by which a country brings in goods from abroad to satisfy its own market needs. In the given context, the US imports silicon chips from Japan and China to sustain its technology sector. The other options—deports, exports, and reports—do not accurately describe the act of acquiring goods from foreign markets, making "imports" the only suitable choice.

To stay competitive in the tech market, the US ______ most of its silicon chips from Japan and China.

Imports

Related Questions

Related Quizzes

How familiar were you with this question?

Report an Issue

Rate this Practice Test