Relier Pairs International Trade ConceptsVersion en ligne An activity to learn some key concepts about international trade par Andres Rodriguez 1 Global economy 2 Economic growth 3 Natural resources 4 Economic competitiveness 5 Exchange 6 Trade dispute 7 Foreign exchange reserves 8 Specialize 9 Technological capabilities 10 Trade imbalance 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. 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. A situation in which a country imports more goods and services than it exports, leading to a deficit in its balance of trade. The act of giving something and receiving something of the same value in return. 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 economic system that includes all countries and their interactions. 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.
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