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International Trade

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(7)
Match up the half-sentences defining key terms.

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Recommended age: 16 years old
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Mexico

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Fill in the Blanks

International TradeOnline version

Match up the half-sentences defining key terms.

by Edna Olivier Flores
1

trade means imports and exports of goods and services without any government restrictions .

means restricting imports by way of trade barriers such as tariffs and quotas .

barriers are government policies or regulations that restrict international trade .

A is a tax charged on imports .

A is a maximum quantity of goods of a specific kind that can be imported into a country .

advantage means a country's ability to produce goods at a lower cost than any other country .

advantage means a country's ability to produce particular goods more efficiently ( using fewer resources and at a lower cost ) than some other countries .

An industry is one that is in an early stage of development and which cannot survive competition from foreign companies .

A industry is one that is particularly important to a country's economy .

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