Relier Pairs International Trade ConceptsVersion en ligne An activity to learn some key concepts about international trade par Andres Rodriguez 1 Economic growth 2 Global economy 3 Trade dispute 4 Natural resources 5 Economic competitiveness 6 Exchange 7 Trade imbalance 8 Technological capabilities 9 Specialize 10 Foreign exchange reserves The foreign currency deposits held by a central bank or other monetary authority. Materials or substances that occur naturally within an environment and can be used for economic gain. An increase in the capacity of an economy to produce goods and services. The ability of a country to produce goods and services that can compete with those of other countries or regions in terms of price and quality. The ability of a society or organization to develop and use technology To focus on or be an expert in a particular area or field. The economic system that includes all countries and their interactions. The act of giving something and receiving something of the same value in return. A situation in which a country imports more goods and services than it exports, leading to a deficit in its balance of trade. When one country feels that its trade partners are not following fair trade practices or are imposing tariffs or other trade barriers on its products
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