Flashcards
Ireland and the Global Economy
Flashcards do conjunto (16)
- 1INTERNATIONAL TRADEREFERS TO THE BUYING (IMPORTING) AND SELLING (EXPORTING) OF DIFFERENT PRODUCTS BETWEEN COUNTRIES
- 2IMPORTSGOODS/SERVICES BOUGHT FROM OTHER COUNTRIES. THEY CAN BE VISIBLE OR INVISIBLE
- 3EXPORTSGOODS/SERVICES SOLD TO OTHER COUNTRIES. THEY CAN BE INVISIBLE OR VISIBLE
- 4INVISIBLE IMPORTS/EXPORTSSERVICES BOUGHT OR SOLD FROM AND TO ABROAD
- 5VISIBLE IMPORTS/EXPORTSPRODUCTS BOUGHT FROM OR SOLD TO ABROAD
- 6BALANCE OF TRADETHE DIFFERENCE BETWEEN ALL VISIBLE IMPORTS INTO AND VISIBLE EXPORTS OUT OF A COUNTRY
- 7BALANCE OF PAYMENTSTHE TOTAL DIFFERENCE BETWEEN ALL THE FLOWS OF MONEY INTO AND OUT OF A COUNTRY IN A YEAR
- 8FREE TRADEOCCURS WHEN TRADE BETWEEN COUNTRIES IS NOT RESTRICTED IN ANY WAY BY BARRIERS SUCH AS TARIFFS (IMPORT TAXES) OR QUOTAS
- 9PROTECTIONISMREFERS TO BARRIERS IMPOSED BY GOVERNMENTS TO PREVENT FREE TRADE
- 10TARIFFSTAXES ON IMPORTED GOODS
- 11QUOTASESTABLISH A LIMIT ON THE QUANITIY OF CERTAIN GOODS THAT CAN BE IMPORTED
- 12EMBARGOESBANS PREVENTING THE IMPORTATION OR EXPORT OF SPECIFIED GOODS
- 13SUBSIDIESMONEY PAID BY THE GOVERNMENTS TO HELP FIRMS COVER THEIR OPERATING COSTS AND KEEP THEIR PRICES COMPETITIVE
- 14TRADING BLOCA GROUP OF COUNTRIES THAT AGREE TO REMOVE PROTECTIONIST BARRIERS TO FREE TRADE BETWEEN THEMSELVES.
- 15GLOBALISATIONTHE EMERGENCE OF THE WORLD AS ONE SINGLE INTERCONNECTED MARKETPLACE
- 16TRADE MISSIONSOCCUR WHEN A GROUP OF BUSINESS PEOPLE VISIT A FOREIGN COUNTRY TO MEET WITH POTENTIAL CUSTOMERS AND DISTRIBUTORS AND TO NEGOTIATE DEALS AND SALES
Informações
- Descrição
- QUIZ FOR SUMMATIVE ASSESSMENT FOR UNIT 7 LCBUSINESS
- Criado por
- megan murphy
- Visualizações
- 77
- Tags
- Avaliação