Relier Pairs International Trade ConceptsVersion en ligne An activity to learn some key concepts about international trade par Andres Rodriguez 1 Foreign exchange reserves 2 Trade imbalance 3 Specialize 4 Technological capabilities 5 Economic competitiveness 6 Exchange 7 Trade dispute 8 Global economy 9 Natural resources 10 Economic growth The act of giving something and receiving something of the same value in return. Materials or substances that occur naturally within an environment and can be used for economic gain. The economic system that includes all countries and their interactions. The foreign currency deposits held by a central bank or other monetary authority. 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. An increase in the capacity of an economy to produce goods and services. 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 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.
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