Create an account
business activities needed for creating, shipping, and selling goods and services across national borders
a country specializes in the production of a good or service at which it is relatively more efficient
balance of payments
the difference between the amount of money that comes into a country and the amount that goes out of it
a factor that supports international trade in industrialized countries, including a nation's transportation, communication, and utility systems
member countries agree to remove duties and trade barriers on products traded among them
World Trade Organization
promotes world trade around the world; settles trade disputes and enforces free-trade agrements
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