Unit 3: International trade policy

________ is the balance between exports and imports in an economy

_________ showing trade in goods and services, income and unrequited transfers (eg: foreign aid payments, working remittances, ...) over a specified period

______ is a non-binding intergovernmental instrument that seeks to regulate certain types of behavior of governments or private corporations

________ records currency inflows and outflows due to international dealings in financial assets, such as investments and loans

______ is a statistical summary of a country's total trade, other economic transactions and financial flows at a given time

_________ laws are designed to protect domestic producers and sellers of goods, whereas ______ are meant to protect consumers and importers

The theory of ________ states that the success of a firm or an industry is based on cost advantage in the production of a relatively standardized product or product-based advantages related to the development of differentiated products

_______ means approaches of governments to the promotion and protection of competition. ______ is often seen as promoting especially the interests of the consumer

_______ describes the increasing integration of national economic systems through growth in international trade, investment and capital flows

______ covers governmental acts, policies and practices which influence trade in goods and services