Goods and Services sold to other countries

bring (goods or services) into a country from abroad for sale.

The study of how people seek to satisfy their needs and wants by making choices

things that are required in order to live

Desires that can be satisfied by consuming a good or service

the commercial organization and operation of vacations and visits to places of interest.

A form of tourism, based on the enjoyment of scenic areas or natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way.

a brand marketed under the same name in multiple countries with similar and centrally coordinated marketing programs

the action of buying and selling goods and services.

a system of money in general use in a particular country.

the swapping of goods and services for other goods and services - was the earliest form of trade.

The first extensive trade routes were up and down the ___________.

The _______________was the first to develop a maritime trade.

It lasted from the 15th century to the late 17th century. It would see a further expansion of trade, through the discovery of new people, cultures, and the establishment of colonies.

invented the World Wide Web (WWW).

applies to businesses buying from and selling to each other over the internet

Imports are goods and services that a country _______ from another country.

When imports are greater than exports, the country has a _________________ of trade

When exports are greater than imports, the country has a __________________ of trade.

the difference between a country's total exports and total imports

Ecotourism, also known as ' _____________', is aimed at allowing tourists to visit exotic and potentially fragile locations around the world,

a brand marketed under the same name in multiple countries with similar and centrally coordinated marketing programs

A movement that is a globally organised federation committed to helping producers in economically developing communities.

Countries want to be net exporters rather than _______.

Exporting and importing helps grow national economies and expands the ____________.

Importing is not necessarily a bad thing because it gives us _________ to important resources and products not otherwise available or at a cheaper cost.

If you import more than you export, more money is leaving the country than is coming in through ___________.

_____________ means more production, jobs and revenue.

If a country is a net exporter, its gross domestic product __________.

_______________ are barriers to trade that are intentionally created for the express purposes of making it harder for an exporter to sell goods in a foreign market.

_________ are not necessarily created to hinder imports of goods but have the effect of doing so

A tax on imported goods

a direct restriction on the quantity of a good that can be imported into a country

an absolute limit on the quantity of exports

the amount by which the cost of a country's imports exceeds the value of its exports.

You can calculate the balance of trade by ____________ the country's imports from its exports.

the difference in value between a country's imports and exports.

the difference between the amount of money that comes into a country and the amount that goes out of it

A ___________________ means more money is coming into the country than going out.

A _____________ means that more money is going out than coming in.