Services trade

What is the fundamental difference between goods and services?

• Goods are tangible products, while services are intangible activities.

• Goods are intangible activities, while services are tangible products.

• Goods and services are interchangeable terms.

• Goods and services have no distinction.

Which of the following is an example of a service?

• Smartphone

• Haircut

• Laptop

• Shoes

Imagine you're a student from France attending an online course offered by a university in the United Kingdom. Which mode of supply is being utilized?

• Cross-border supply

• Consumption abroad

• Commercial presence

• Presence of natural persons

Imagine you're a student from France attending a course in university in the United Kingdom. Which mode of supply is being utilized?

• Cross-border supply

• Consumption abroad

• Commercial presence

• Presence of natural persons

Imagine you're a professor from Poland offering an onsite course in a university in the United Kingdom. Which mode of supply is being utilized?

• Cross-border supply

• Consumption abroad

• Commercial presence

• Presence of natural persons

Imagine you're an investor from France opening a language school in the United Kingdom. Which mode of supply is being utilized?

• Cross-border supply

• Consumption abroad

• Commercial presence

• Presence of natural persons

In the context of global value chains, which role do services often play in enhancing the value of traded goods?

• Services are irrelevant in global value chains.

• Services only impact the final consumer, not the production process.

• Services contribute to the design, innovation, and efficiency of production.

• Services are limited to after-sales support and don't affect the production phase.