__________ are business deals or actions, such as buying or selling something.

International trade provides opportunities for countries to sell off ________commodities

_________ is trade in services

_______________ is the extra amount of money that is paid to a person or organisation according to the value of the goods they have sold or the services they have provided.

Which of the following is an example of invisible trade?

How much will it cost a French firmto buy goods from a British firm that cost £400 000 if £1= €1.20? The cost to the french firm in euros will be

Which of the following will improve the international competitiveness of a country?

When exchange rate falls, the demand of exports

________ is the value of one currency in terms of another

________ is the difference between visible exports and visible imports.

If US $ 1=€ 1.20, the cost in euros to a German business buying US$ 6 700 000 of goods from the USA will be?

When exchange rate rises, demand for exports is likely to fall

A negative figure in balance of trade means?

International trade helps to improve consumer choice

________ are goods and services sold overseas.

___________ is when two or more businesses join together to form one new firm.

__________ policy uses changes in taxation and government expenditure to manage the economy.

___________ is a tax on imports, which makes them more expensive

_________ policy uses changes in interest rates and the money supply to manage the economy.