International Trade Concepts Questions – College Pal

Concepts you should be able to explain for the exam:

Comparative advantage




Social trade restrictions


Regional trade agreements




European Union


Common currency


Balance of payments


Foreign exchange market


Exchange rates


Currency speculation


Things you should be able to do for the exam.


Explain why nations restrict trade and what are the different strategies they can use.


Discuss how exchange rates are determined


Discuss the differences of the impact of exchange rates on small countries and large countries


Discuss, in depth, the characteristics of international trade of a particular country. Plagiarism Free Papers

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