International Trade
Übersicht
No country can produce everything its people need. Some nations have oil but no timber; others grow coffee but cannot mine copper. International trade lets countries specialise in what they do best and exchange the rest, raising living standards on every side of the deal.
In this lesson you will explore why countries trade, how visible and invisible trade combine to form a balance of payments, what trading blocs and tariffs mean for businesses, and why exporters face challenges that domestic sellers never encounter. You will also examine the role of multinational corporations and calculate trade balances from given figures - skills that appear regularly on the Commerce papers.
Ziele
- Understand the benefits of international trade
- Understand imports and exports, visible and invisible trade
- Understand balance of trade and balance of payments: calculate balance of trade and balance of payments from given figures, deficits and surpluses
- Understand trading blocs: removal of tariffs within trading bloc, common external tariff, free movement of labour, capital and goods, the impact of trading blocs on countries and businesses
- Understand difficulties facing exporters: language, distance, methods of payment, differing consumer wants, documentation, currency exchange
- Understand multinationals: reasons for the existence of MNCs, advantages and disadvantages of operating as an MNC, the impact of MNCs on host countries
Mindmap
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Lernkarten
Schnelles Abfragen der Fakten, die zu diesem Thema gepruft werden.
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Lektionshinweis
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Unterrichtsbewertung
Herzlichen Glückwunsch zum Abschluss der Lektion über International Trade. Jetzt, da Sie die wichtigsten Konzepte und Ideen erkundet haben,
Sie werden auf eine Mischung verschiedener Fragetypen stoßen, darunter Multiple-Choice-Fragen, Kurzantwortfragen und Aufsatzfragen. Jede Frage ist sorgfältig ausgearbeitet, um verschiedene Aspekte Ihres Wissens und Ihrer kritischen Denkfähigkeiten zu bewerten.
Nutzen Sie diesen Bewertungsteil als Gelegenheit, Ihr Verständnis des Themas zu festigen und Bereiche zu identifizieren, in denen Sie möglicherweise zusätzlichen Lernbedarf haben.
- Which of the following is an example of invisible trade? A) Exporting cars B) Importing oil C) Selling banking services to a foreign country D) Buying machinery from abroad Answer: C
- The balance of trade is calculated by: A) Total exports minus total imports B) Visible exports minus visible imports C) Invisible exports minus invisible imports D) Exports plus imports Answer: B
- Which of the following is a reason for protectionism? A) To increase consumer choice B) To protect infant industries from foreign competition C) To reduce the price of imported goods D) To encourage more imports Answer: B
- A trading bloc is best described as: A) A single country that dominates world trade B) A group of countries that agree to reduce trade barriers between themselves C) A company that trades in multiple countries D) A government department that controls imports Answer: B
- Which of the following is a difficulty facing exporters? A) Lower transport costs B) Access to unlimited free trade C) Currency exchange rate fluctuations D) Identical consumer preferences worldwide Answer: C
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Empfohlene Bücher
Weiterlernen mit offenen Quellen
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Lehrbuchabschnitt
Global Trade in the United States
Why is global trade important to the United States, and how is it measured?
"Introduction to Business: Global Trade in the United States" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/3-1-global-trade-in-the-united-states. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction
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Lehrbuchabschnitt
International Economic Communities
What are international economic communities?
"Introduction to Business: International Economic Communities" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/3-5-international-economic-communities. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction
Von anderen Organisationen unter offenen Lizenzen veröffentlicht und wie gewünscht genannt. Links öffnen deren Websites.
Übungsklausuren üben
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