MARK 201 Chapter Notes - Chapter 7: Espionage Act Of 1917, Semiotics, Flashlight
Document Summary
Understanding and reaching global consumers and markets. Dollar value of wt more than doubled in the past decade. Manufactured products and commodities account for 75 percent of world trade. Other 25 % service industries (telecommunications, transportation, insurance, China is world"s leading exporter followed by us and germany. Trade feedback effect - view exports and imports as complementary economic. Countertrade flows (each affect the other) sales. Gross domestic product (gdp) - the monetary value of all products and services produced in a country during one year (us is world"s perennial leader in gdp) Balance of trade - exports and imports. The difference between the monetary value of a nation"s. When a country"s exports exceed imports incurs a surplus in its. In past 30 years balance of trade deficit. The practice of shielding one or more industries within a country"s economy from foreign competition through the use of tariffs or quotas.