U.S. & International Trades

Objectives

Domestic Trade versus World Trade

World Trade Organization

Exports

Imports

Balance of Trade

Balance of Trade

Balance of Payments

Balance of Payments

Foreign Exchange Rate

Government Regulation of Trade

Quotas

Tariffs

Embargo

Advantages of World Trade

Disadvantages of World Trade

Quiz Answers: Domestic Trade: trade within the same region or country. World Trade: trade between different regions or countries Exports: goods produced in one country then shipped to another region or country Imports: foreign goods shipped into a country or region A country exports more than it imports Money can move from one country to another through: imports and exports, foreign investments, military or foreign aid, tourism

Quiz Answers: Quotas, tariffs, embargo Can expand markets, create/raise competition, increase availability of natural resources Cultural and language/communication barriers and elimination of local companies due to foreign competition

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