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Importing and Exporting

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Glen Fahey

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Cards in this guide (17)
What does PAR AVION mean

PAR AVION is French for via airmail. Par is French for via (or by means of); avion is French for airplane.

What allows only a certain quantity of an item to be imported

import quotas

Which organization was founded in 1995 to promote trade between nations

world trade organization

Which nations were the world's leading exporting nations during the mid-1990s

U.S., Germany, Japan, France, and U.K.

Which term is defined as goods bought from other countries

imports

Why is trade easier and more extensive today

Improved Transportation ;p

Which of these conditions can be caused by a trade deficit

business may have to downsize

What did greek artists scientist and philosophers have in common

Greek artists, scientists, and philosophers had many things in common. One of these many things were that they asked questions and tried to answer them .

Which organization provides loans to poorer nations for economic development

world bank

from f.b.

If a country pays out more money to other countries than it receives from other countries what type of balance of payments does it have

deficit

Which of these terms is defined as the idea of each country concentrating on making those goods it can produce most efficiently and buying from other nations those goods it cannot make as efficiently

comparative advantage

What indicates the exchange of goods and services between countries

International trade is the exchange of goods and services between countries. Other terms that indicate this are foreign trade and world trade.

What is singer Jerry Lawson's disability

old football injury

Which three countries do the most trading of goods with the US as of 2010

Canada, Mexico, China

What was one of the causes of the growing US trade deficit

the rise in the cost of imported oil

Based on the information in the chart which of these statements is true

Based on the information in the chart, which of these statements is true?

Trade in which organization spawned a new form of currency which is recognized worldwide

european union

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