2.2.5 Net Trade

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  • Created by: 13clarken
  • Created on: 19-01-19 10:32
... is exports minus imports
Net Trade
1 of 7
... is the rules and regulations put in place to protect the economy from foreign competition
Protectionism
2 of 7
A ... is a common good, usually simple goods
Commodity
3 of 7
... are influenced by Price, Real Income, Exchange Rates, World Economy State, Non-price factors and the Degree of Protectionism
Exports
4 of 7
... changes with Net Trade. An increase in Exports, or fall in imports, increases Net Trade and therefore increases ...
Aggregate Demand
5 of 7
A ... is when the government recieves more in tax than they spend
Budget Surplus
6 of 7
A ... is when the government spends more than what it receives in tax
Budget Surplus
7 of 7

Other cards in this set

Card 2

Front

... is the rules and regulations put in place to protect the economy from foreign competition

Back

Protectionism

Card 3

Front

A ... is a common good, usually simple goods

Back

Preview of the front of card 3

Card 4

Front

... are influenced by Price, Real Income, Exchange Rates, World Economy State, Non-price factors and the Degree of Protectionism

Back

Preview of the front of card 4

Card 5

Front

... changes with Net Trade. An increase in Exports, or fall in imports, increases Net Trade and therefore increases ...

Back

Preview of the front of card 5
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