Fichas

Sin título

Tyler Tucker Inglés 12 fichas

Fichas del conjunto (12)

1—exports
2importsbrings (goods or services) into a country from abroad for sale.
3Net exportsrefer to the value of a country's total exports minus the value of its total imports.
4Balance of tradeis the difference between a country's imports and its exports for a given time period
5Balance of trade deficitrepresents an outflow of domestic currency to foreign markets
6Balance of trade surplusA trade surplus occurs when the value of a country's exports exceeds that of its imports
7Production possibilities frontieris a curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors
8Opportunity Costthe loss of potential gain from other alternatives when one alternative is chosen
9Specializationis when a nation or individual concentrates its productive efforts on producing a limited variety of goods.
10Comparative Advantageis an economic law referring to the ability of any given economic actor to produce goods and services at a lower opportunity cost that other economic actors
11Absolute advantageRefers to the ability of a party to producee a greater quantity of a greater quantity of a good, product, or service that competitors, using that same amount of resources.
12—

Descripción: Fichas sobre Sin título, creado por Tyler Tucker el 08/12/2017.
Creado por: Tyler Tucker
Visitas: 0
Valoración