Flashcards - Global Trade

Flashcards - Global Trade
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international trade
International trade is the exchange of capital, goods, and services across international borders or territories
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tariffs
A tariff is a tax on imports or exports
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trade barrier
Trade barriers are government-induced restrictions on international trade
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imports
An import is a good brought into a jurisdiction, especially across a national border, from an external source
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8 cards in set
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Back
imports
An import is a good brought into a jurisdiction, especially across a national border, from an external source
trade barrier
Trade barriers are government-induced restrictions on international trade
tariffs
A tariff is a tax on imports or exports
international trade
International trade is the exchange of capital, goods, and services across international borders or territories
World Trade Organization
The World Trade Organization is an intergovernmental organization which regulates international trade
Open trade
Free trade is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries
production possibility frontier
A production-possibility frontier or production possibility curve is a graphical representation of possible combination of two goods with constant resources and technology
General Agreement on Tariffs and Trade
General Agreement on Tariffs and Trade was a multilateral agreement regulating international trade

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