Macro Chapter 19
Help!
|
|
||||
|---|---|---|---|---|---|
| Net exports | total exports of final goods and services minus total imports of final goods and services
🗑
|
||||
| Trade balance | the difference between a nation's total exports and total imports
🗑
|
||||
| Trade deficit | condition occurring when imports exceed exports, indicating a negative trade balance
🗑
|
||||
| Trade surplus | condition occurring when exports exceed imports, indicating a positive trade balance
🗑
|
||||
| Comparative advantage | the situation where an individual, business, or country can produce at a lower opportunity cost than a competitor can
🗑
|
||||
| Protectionism | a blanket term for government actions and policies that restrict or restrain international trade, often with the intent of protecting local businesses and jobs from foreign competition
🗑
|
||||
| Tariffs | taxes levied on imported goods and services
🗑
|
||||
| Import quotas | limits on the quantity of products that can be imported into a country
🗑
|
||||
| Infant industry argument | the idea that domestic industries need trade protection until they are established and able to compete internationally
🗑
|
||||
| Dumping | behavior occurring when a foreign supplier sells a good below the price it charges in its home country
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
v.virgil
Popular Economics sets