1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time.2._______ The ability to produce a specific product moreefficiently than any other nation.3._______ Selling and shipping raw materials or products toother nations.4._______ The ability to produce a specific product moreefficiently than any other product.5._______ All business activities that involve exchangesacross national boundaries.6._______ The total flow of money into a country minus thetotal flow of money out of that country over thesame period of time.7._______ A tax levied on a particular foreign product entering a country.8._______ A complete halt to trading with a particular nationor in a particular product.9._______ An international barter transaction.10. _______ An internationally supported bank that providesloans to developing countries to help them grow.a. countertradeb. foreign exchange controlc. multilateral development bank (MDB)d. absolute advantagee. import dutyf. embargog. exportingh. international businessi. balance of tradej. comparative advantagek. Export-Importl. balance of payments
1._______ The total value of a nation’s exports minus the
total value of its imports over some period of time.
2._______ The ability to produce a specific product more
efficiently than any other nation.
3._______ Selling and shipping raw materials or products to
other nations.
4._______ The ability to produce a specific product more
efficiently than any other product.
5._______ All business activities that involve exchanges
across national boundaries.
6._______ The total flow of money into a country minus the
total flow of money out of that country over the
same period of time.
7._______ A tax levied on a particular foreign product entering a country.
8._______ A complete halt to trading with a particular nation
or in a particular product.
9._______ An international barter transaction.
10. _______ An internationally supported bank that provides
loans to developing countries to help them grow.
a. countertrade
b. foreign exchange control
c. multilateral development bank (MDB)
d. absolute advantage
e. import duty
f. embargo
g. exporting
h. international business
i. balance of trade
j. comparative advantage
k. Export-Import
l. balance of payments
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