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15
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What is international trade?
Trade of goods between different countries
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banana
Go to last place!
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rocket
Go to first place!
Okay!
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fairy
Take points!
5
10
15
20
25
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lifesaver
Give 10 points!
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15
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What is invisible trade?
Trade in services
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15
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How does fall in exchange rates influence imports?
Demand for imports decreases
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What is surplus?
Amount of something that is more than needed or used
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What are economies of scale?
Fall in average prices with an increase in output
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15
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How does rise in exchange rates influence imports?
Demand for imports increases
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15
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What is balance of trade?
Difference between visible exports and visible imports
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15
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State two benefits of multinationals to a country/economy
Increase in income, increase in tax revenue
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baam
Lose 25 points!
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rocket
Go to first place!
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fairy
Take points!
5
10
15
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25
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lifesaver
Give 25 points!
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15
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Give two examples of visible trade
Trade of cars and electronics
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15
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Jamie goes on holiday to Florida. The exchange rate is ÂĢ1 = 1.70 dollars. He changes ÂĢ900 into dollars. How many dollars should he get?
1530 pounds
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What are exports?
Goods and services sold overseas
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What is visible trade?
Trade of physical goods
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lifesaver
Give 15 points!
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gift
Win 25 points!
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gift
Win 25 points!
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lifesaver
Give 25 points!
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15
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Define a multinational company
A company that operates in at least two different countries
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