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KL - Foreign Trade

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    How much have you learnt from the discussions in class and your partners' presentations? Test your knowledge about international trade! :-)
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  • In a Balance of Trade (BOT), more imports than exports signals a ___.
    trade deficit
  •  10
  • The goods and services sold to other countries are called ___.
    Exports
  •  10
  • The acquisition of banking services in a foreign country equals to ___.
    an invisible import
  •  10
  • When a country produces a good or service for a lower opportunity cost than other countries, it is a ___.
    Comparative cost advantage
  •  10