Trade Flashcards
1
Q
Imports?
A
What we buy.
2
Q
Exports?
A
What we sell.
3
Q
Who do we import from?
A
China, USA, Japan, Singapore.
4
Q
Who do we export (sell) to?
A
Japan, China, Korea, India, USA.
5
Q
Goods and Services Imported?
A
Petrol, Passenger Motor Vehicles, Gold, Medicines.
6
Q
Goods and Services Exported?
A
Coal, Iron, Ore, Education, Gold.
7
Q
What is meant by trade?
A
The exchange of goods and services between nations
8
Q
What is a Tariff?
A
A tax on imported goods.
9
Q
What are multinational Companies?
A
Organisations that operate in more than one country.
10
Q
Why multinational companies are getting bigger?
A
- rapid advances in technology
- laws regarding foreign investment
- trade agreements between countries.
