Global interdependence

In economics, exchange of physically tangible goods between countries, involving the export and import

• Visible trade

• Invisible trade

• WTO

Customer service, banking transactions, and the medical tourism industry all are examples of

• International debt

• Invisible trade

• Export goods

Nepal had a total export of 740,742 US$ and import 10,037,840 US$. Is this an example of

• Positive trade balance

• Negative trade balance

This is a tax imposed by a government on imports or exports of goods

• Tariff

• Licence

• Royalties

Royalty payment is

• a resource or property are licensed by one party to another

• a payment made by one party to another that owns a particular asset

Choose factors affecting global trade

• Location

• History

• Resources

A type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time

• Tariff

• Franchising

• Quota

Which trade block belongs to Africa?

• NAFTA

• EU

• ASEAN

• SACU

Which country is part of BRIC?

• the US

• Brazil

• Cameroon

• Rwanda

Choose countries of MINT

• Malaysia

• Mexico

• India

• Indonesia

• Thailand