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ECONOMICS – FINAL EXAM REVIEW Unit Two-Define the following words (Use notes) Protective Tariff-tax placed on imported goods so that people will buy American made goods Import-Goods brought into the country (we buy) Export-Goods sold out of the country (we sell) Internal Improvements-building roads, railroads, canals, etc. Identify the letter of the choice that best  Exam Policy: There will be three exams (two midterms and a final) given during the semester. docx from ECON 1580 at University of the People. 530 Evans Hall #3880, Berkeley, California 94720-3880 Tel: (510) 642-0822 / Fax: (510) 642-6615 / E-mail: econdept@berkeley. 2020/2021 None. No additional credit is available. docx from HISTORY 101 at Arnold High School. This, therefore, means that organizations and governments need to know how to use these resources and meet human wants. Economics can be defined as the social science that studies how people make decisions in the face of scarcity. 18 & Appendix A (18. 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