Is this your pencil? Yes, it is.

这是你的铅笔吗？是的，它是。

youdao

Is this your pencil? Yes, it is. It's mine.

这是你的铅笔吗？是的，它是。它是我的。

youdao

Your pen is in my pencil case. You can take it out.

你的钢笔在我的铅笔盒里，你可以把它拿出来。

youdao

But it is unlikely that you could exchange your pencil for, say, a cup of coffee or an office building if you go outside and start making offers.

FORBES: To Fund The Federal Government We Don't Need Federal Taxation