International Trade

Trade in goods

• autarky

• visible trade (GB) or merchandise trade (US)

• balance of trade

• quotas

Selling goods abroad at (or below) cost price

• dumping

• protectionism

• autarky

• deficit

Imposing trade barriers in order to restrict imports

• balance of trade

• autarky

• protectionism

• dumping

Quantitative limits on the import of particular products or commodities

• quotas

• tariffs

• surplus

• deficit

Taxes charged on imports

• deficit

• quotas

• surplus

• tariffs

A negative balance of trade or payments

• deficit

• dumping

• protectionism

• barter or counter-trade

A positive balance of trade or payments

• quotas

• deficit

• tariffs

• surplus

The difference between a country's total earnings from exports and its total expenditure on imports.

• autarky

• balance of trade

• barter or counter-trade

• balance of payments

Trade in services (banking, insurance, tourism, etc.

• invisible imports & exports

• surplus

• tariffs

• quotas

The difference between what a country receives and pays for its imports & exports of goods

• balance of trade

• deficit

• balance of payments

• dumping