International Trade

What is the definition of 'International Trade'?

• The buying and selling of goods and services between different countries

• Exchanging goods and services within a country

• is exchanging of goods and services between two parties in return for payment. It can be domestic or international

• The free movement of people across countries

The historic difference between Bartering and Trading is

• Bartering exchanges services; Trade exchanges money

• There is no difference

• Trade exchanges money; bartering exchanges money and services

• Trade exchanges money and services, bartering is just discussions

What is the difference between an open and closed economy? what type of economy does Ireland have?

Which of these products could be produced in Ireland but Ireland generally doesn't produce them?

• Potato's

• Strawberry's

• Gas

• Banana's

The Arctic Monkeys are playing Malahide Castle Next Year, this is an example of

• Invisible Export

• Visible Imports

• Invisible Imports

• Visible Exports

St Sylvesters GAA are given a fee to provide GAA consultancy in the United Kingdom, this is an example of

• Visbile Export

• Invisible Export

• Invisible Import

• Visible Import

America buying 100 tubs of Kerrygold Butter produced in Ireland

• Visible Export

• Visible Import

• Invisible Import

• Visible Import

Why might a company decide to export their goods?

• So they can produce less

• To expand their markets

• To lessen the choice of products

Dutch tourists go on holiday to County Clare

• Visible Import

• Visible Export

• Invisible Export

• Invisible Import

The Corona's play a concert in London

• Visible Import

• Invisible Export

• Visible Export

• Invisible Import