Trade and Tax

The expansion of economic, political, and cultural processes to the point that they become global in scale and impact.

• Globalization

• International Trade

• Export

• Import

It involves the buying and selling of goods and services across international boundaries.

• Globalization

• International Trade

• Import

• Export

It involves government intervention in international trade through the imposition of trade restrictions.

• Trade protection

• Free trade

Trade may take place within a country, or between trading nations.

• True

• False

It is the sending of goods or services to another country for sale.

(a)  

It is the bringing of goods or services into a country for sale.

(a)  

Taxes on imported goods, and are the most common form of trade restriction.

(a)  

It is an organization that deals with the global rules of trade between nations.

(a)  

Taxes that are imposed on particular goods and services.

(a)  

Name one stakeholder who suffers from burden of tax.