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U.S. & International Trades
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Objectives
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Domestic Trade versus World Trade
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World Trade Organization
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Exports
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Imports
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Balance of Trade
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Balance of Trade
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Balance of Payments
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Balance of Payments
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Foreign Exchange Rate
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Government Regulation of Trade
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Quotas
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Tariffs
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Embargo
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Advantages of World Trade
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Disadvantages of World Trade
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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
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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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