trade Flashcards
1
Q
trade
A
the movement goods
2
Q
imports
A
goods brought into a country
3
Q
exports
A
goods sent out a country
4
Q
free trade
A
trading with no tariffs
5
Q
fair trade
A
trade that allows suppliers to get a fair price
6
Q
quota
A
limit to the amount of goods that can be produced, imported and exported
7
Q
tariff
A
a tax paid on import goods
8
Q
trade balance
A
difference between import and export
9
Q
trade surplus
A
exports are greater than imports
10
Q
trade deficit
A
imports are greater than exports
11
Q
trading bloc
A
a group of countries with a trade agreement between them. E.g the EU
