Ch 12 - key term

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  • Created by: angus f.v
  • Created on: 08-10-14 12:00
Balance of trade or visible balance
The difference between visible exports or visible imports
1 of 106
Devaluation
The depreciation or fall in the value of a currency
2 of 106
Exchange rate
The price of one currency in terms of another
3 of 106
Exports
Goods and services sold overseas
4 of 106
Free trade
Trade between nations that is completely without government restrictions
5 of 106
Imports
Goods and
6 of 106
Imports
Goods and services bought from overseas
7 of 106
Invisible trade
Trade in services
8 of 106
Imports
Goods and services bought from overseas
9 of 106
Invisible trade
Trade in services
10 of 106
Visible
Trade in physical goods
11 of 106
Imports
Goods and services bought from overseas
12 of 106
Invisible trade
Trade in services
13 of 106
Visible trade
Trade in physical goods
14 of 106
Protectionism
An approach used by a goverment to protect domestic producers
15 of 106
Imports
Goods and services bought from overseas
16 of 106
Invisible trade
Trade in services
17 of 106
Visible trade
Trade in physical goods
18 of 106
Protectionism
An approach used by a goverment to protect domestic producers
19 of 106
Quota
A physical limit on the quantity of imports allowed into a country
20 of 106
Subsidy
Finic
21 of 106
Imports
Goods and services bought from overseas
22 of 106
Invisible trade
Trade in services
23 of 106
Visible trade
Trade in physical goods
24 of 106
Protectionism
An approach used by a goverment to protect domestic producers
25 of 106
Quota
A physical limit on the quantity of imports allowed into a country
26 of 106
Subsidy
Financial support given to a domestic producer to help compete with overseas firms
27 of 106
Tariff
A tax
28 of 106
Imports
Goods and services bought from overseas
29 of 106
Invisible trade
Trade in services
30 of 106
Visible trade
Trade in physical goods
31 of 106
Protectionism
An approach used by a goverment to protect domestic producers
32 of 106
Quota
A physical limit on the quantity of imports allowed into a country
33 of 106
Subsidy
Financial support given to a domestic producer to help compete with overseas firms
34 of 106
Tariff
A tax on imports to make them more expensive
35 of 106
Imports
Goods and services bought from overseas
36 of 106
Invisible trade
Trade in services
37 of 106
Visible trade
Trade in physical goods
38 of 106
Protectionism
An approach used by a goverment to protect domestic producers
39 of 106
Quota
A physical limit on the quantity of imports allowed into a country
40 of 106
Subsidy
Financial support given to a domestic producer to help compete with overseas firms
41 of 106
Tariff
A tax on imports to make them more expensive
42 of 106
Trade barriers
Meas
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Imports
Goods and services bought from overseas
44 of 106
Invisible trade
Trade in services
45 of 106
Visible trade
Trade in physical goods
46 of 106
Protectionism
An approach used by a goverment to protect domestic producers
47 of 106
Quota
A physical limit on the quantity of imports allowed into a country
48 of 106
Subsidy
Financial support given to a domestic producer to help compete with overseas firms
49 of 106
Tariff
A tax on imports to make them more expensive
50 of 106
Trade barriers
Measures designed to restrict trade
51 of 106
Imports
Goods and services bought from overseas
52 of 106
Invisible trade
Trade in services
53 of 106
Visible trade
Trade in physical goods
54 of 106
Protectionism
An approach used by a goverment to protect domestic producers
55 of 106
Quota
A physical limit on the quantity of imports allowed into a country
56 of 106
Subsidy
Financial support given to a domestic producer to help compete with overseas firms
57 of 106
Tariff
A tax on imports to make them more expensive
58 of 106
Trade barriers
Measures designed to restrict trade
59 of 106
Imports
Goods and services bought from over
60 of 106
Imports
Goods and services bought from over the border or overseas
61 of 106
Invisible trade
Trade in services
62 of 106
Visible trade
Trade
63 of 106
Imports
Goods and services bought from over the border or overseas
64 of 106
Invisible trade
Trade in services
65 of 106
Visible trade
Trade in physical goods
66 of 106
Protectionism
An approach
67 of 106
Imports
Goods and services bought from over the border or overseas
68 of 106
Invisible trade
Trade in services
69 of 106
Visible trade
Trade in physical goods
70 of 106
Protectionism
An approach used by government to protect domestic producers
71 of 106
Imports
Goods and services bought from over the border or overseas
72 of 106
Invisible trade
Trade in services
73 of 106
Visible trade
Trade in physical goods
74 of 106
Protectionism
An approach used by government to protect domestic producers
75 of 106
Quota
A physical limit on the quantity of imports allowed into a country
76 of 106
Subsidy
F
77 of 106
Imports
Goods and services bought from over the border or overseas
78 of 106
Invisible trade
Trade in services
79 of 106
Visible trade
Trade in physical goods
80 of 106
Protectionism
An approach used by government to protect domestic producers
81 of 106
Quota
A physical limit on the quantity of imports allowed into a country
82 of 106
Subsidy
Financial support given to a domesticproducer t
83 of 106
Imports
Goods and services bought from over the border or overseas
84 of 106
Invisible trade
Trade in services
85 of 106
Visible trade
Trade in physical goods
86 of 106
Protectionism
An approach used by government to protect domestic producers
87 of 106
Quota
A physical limit on the quantity of imports allowed into a country
88 of 106
Subsidy
Financial support given to a domestic producer to help compete with over the border/overseas firms.
89 of 106
Tariff
A wax on imports to make them more expensive
90 of 106
Imports
Goods and services bought from over the border or overseas
91 of 106
Invisible trade
Trade in services
92 of 106
Visible trade
Trade in physical goods
93 of 106
Protectionism
An approach used by government to protect domestic producers
94 of 106
Quota
A physical limit on the quantity of imports allowed into a country
95 of 106
Subsidy
Financial support given to a domestic producer to help compete with over the border/overseas firms.
96 of 106
Tariff
A wax on imports to make them more expensive
97 of 106
Trade barriers
Measures designed to restrict trade
98 of 106
Imports
Goods and services bought from over the border or overseas
99 of 106
Invisible trade
Trade in services
100 of 106
Visible trade
Trade in physical goods
101 of 106
Protectionism
An approach used by government to protect domestic producers
102 of 106
Quota
A physical limit on the quantity of imports allowed into a country
103 of 106
Subsidy
Financial support given to a domestic producer to help compete with over the border/overseas firms.
104 of 106
Tariff
A wax on imports to make them more expensive
105 of 106
Trade barriers
Measures designed to restrict trade
106 of 106

Other cards in this set

Card 2

Front

The depreciation or fall in the value of a currency

Back

Devaluation

Card 3

Front

The price of one currency in terms of another

Back

Preview of the back of card 3

Card 4

Front

Goods and services sold overseas

Back

Preview of the back of card 4

Card 5

Front

Trade between nations that is completely without government restrictions

Back

Preview of the back of card 5
View more cards

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