Economics- Edexcel 2.2.5
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | goods and services sold from country to another
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| X | show 🗑
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| money from sale of exports | show 🗑
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| show | relative prices of exports in world markets/external value of exchange rate/non-price demand factors/strength of AD in key export markets/level of protectionism
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| why does relative prices of exports in world markets impact demand for a nation’s exports? | show 🗑
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| show | domestic inflation, shipping/transport costs, fluctuations in world commodity prices
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| why does external value of exchange rate impact demand for a nation’s exports? | show 🗑
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| show | specific to factors which can be design, branding, product quality, after-sales service
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| show | state of the world economy can lead to global recession which hits export sales for many countries, if key export markets are booming then there is a higher demand for exports
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| show | tariffs(tax on imports), quotas(physical limit on number of imports into country), other trade restrictions e.g. restrictions on product quality
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| trade surplus | show 🗑
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| show | M>X so aggregate demand falls
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| show | X=M so external trade has a neutral effect on AD
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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.
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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.
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Created by:
jessharris
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