Unlock Treasure - International Trade
International Trade
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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
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