Which of the following is an example of visible trade?

_______ are goods and services sold overseas

Balance of trade is the difference between visible exports and visible imports

___________ is a value of one currency in terms of another.

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

________ are goods and services bought from overseas.

Visible trade trades in physical goods.

Surplus is the amount of something that is LESS than what is needed or used.

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

Legal framework is the structure of a society, or a legal or political system.

________________ are business deals or actions, such as buying or selling.

Quota is a physical limit on the quantity of imports allowed into a country.

__________ is two or more businesses joining together to form one new firm

Which of the following is a trade barrier?

Tariffs are financial support given by the government

Competition policy aims to encourage the growth of small firms.

____________ are new industries that are yet to be established

_______makes employees redundant.

Who wants to buy good quality products at a fair price?