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Unlock Treasure - International Trade

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International Trade

anndew
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Created Date 01.20.22
Last Updated 01.25.22
Viewed 1 Times
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Topics of this game:
  • a basic economic concept involving the buying and selling of goods and services
  • the exchange of capital, goods, and services across international borders
  • when a nation or individual concentrates its productive efforts on producing a limited variety of goods
  • economy's ability to produce a particular good or service at a lower opportunity cost
  • the ability of a party to produce a good or service more efficiently than its competitors
  • limiting the quantities of a particular good that a country imports or exports
  • a tax on imports
  • a trade policy that does not restrict imports or exports
  • the use of government spending and tax policies to influence economic conditions