Matching Pairs International Trade ConceptsOnline version An activity to learn some key concepts about international trade by Andres Rodriguez 1 Specialize 2 Exchange 3 Trade imbalance 4 Economic competitiveness 5 Trade dispute 6 Natural resources 7 Technological capabilities 8 Foreign exchange reserves 9 Global economy 10 Economic growth The act of giving something and receiving something of the same value in return. To focus on or be an expert in a particular area or field. A situation in which a country imports more goods and services than it exports, leading to a deficit in its balance of trade. The ability of a society or organization to develop and use technology The ability of a country to produce goods and services that can compete with those of other countries or regions in terms of price and quality. An increase in the capacity of an economy to produce goods and services. Materials or substances that occur naturally within an environment and can be used for economic gain. The foreign currency deposits held by a central bank or other monetary authority. When one country feels that its trade partners are not following fair trade practices or are imposing tariffs or other trade barriers on its products The economic system that includes all countries and their interactions.
New game