International Trade Practive

Front

When a country imports more than it exports.

Back

Trade deficit

Front

We can also call a trade surplus a

Back

positive balance of trade

Front

A good sent to another country for sale is called a what?

Back

export

Front

Which of these is not a trade bloc? EU, ASEAN, WTO, NAFTA

Back

NAFTA

Front

We could consider an exchange rate that it pegged to the US dollar to be

Back

Fixed

Front

If the Mexican peso appreciates against the Chinese yuan, who will benefit?

Back

Mexican exporters

Front

An exchange rate is used to determine

Back

value of one currency in relation to another currency

Front

This is an argument FOR free trade.

Back

Free trade allows countries to focus on producing goods and services where they have a comparative advantage, leading to increased productivity and lower prices for consumers.

Front

It was founded in 1995 to ensure compliance with GATT negotiate trade agreements and to resolve trade disputes.

Back

World Trade Organization (WTO)

Front

When a country exports more than it imports

Back

Trade surplus