Unit 112 Flashcards
0
Q
The extent to which a business or a geographical area such as a country, can compete successfully against rivals
A
Competitiveness
1
Q
A rise in the value of a currency
A
Appreciation of a currency
2
Q
A fall in the value of a currency
A
Depreciation of a currency
3
Q
The price of one currency in terms of another currency
A
Exchange rates
4
Q
Goods and services produces domestically and sold to foreigners
A
Exports
5
Q
Selling goods and services produces domestically to foreigners
A
Exporting
6
Q
Goods or services produced outside the country and purchases from foreigners
A
Imports
7
Q
Buying goods and services produced outside a country from foreigners
A
Importing
