exports and import + tariffs Flashcards
1
Q
free trade?
A
free trade is a mutual agree between two or more countries to reduce the barriers of trade
2
Q
positives of free trade ?
A
limits possibility of wars, and economic efficacy
3
Q
negatives of free trade
A
saturation of market, lose profit of local businesses, job loss and abuse
4
Q
net exports?
A
the calculate total net exports, do, exports minus imports, if the answers is a negative number it is a trade deficit if its positive its a trade surplus
