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1. How do you define international trade?
International trade is the exchange of goods and services between countries. It is also known as world trade, foreign trade or overseas trade.
What are the reasons for international trade?
Can you list some of them?
Uneven distribution of natural resources, specialization, patterns of demand, economies of scale, innovation or variety of style.
3. What do trade barriers mean? List some examples of trade barriers in international trade.
Trade barriers mean the restriction measures taken by governments. Tariff, quotas, import license and foreign exchange control are all examples of trade barriers.
4. How do countries benefit from the international trade?
Countries can get cheaper and greater variety of goods or services for consumers. International trade can expand markets and promotes economic growth.
Ⅱ. Translate the following Chinese words or expressions into English.
1. 国际贸易 2. 世界贸易 3. 对外贸易
4. 海外贸易 5. 规模经济 6. 经济增长
7. 外汇 8. 汇率 9. 国外市场
10. 有形贸易 11. 无形贸易 12. 贸易差额
13. 贸易顺差 14. 贸易逆差 15. 贸易壁垒
16. 非关税壁垒 17. 财政关税 18. 保护关税
19. 配额 20. 自由贸易
international trade world trade foreign trade
overseas trade economies of scale economic growth
foreign currency/exchange exchange rate foreign/overseas/external/world market
visible trade invisible trade balance of trade
trade surplus/positive balance of trade trade deficit/negative balance of trade
trade barrier non-tariff barrier revenue tariff
protection tariff quota free trade
Ⅲ. True or false questions.
1. International trade is only the exchange of goods between nations. F
2. Countries trade with each other partly because there is a cost advantage.T
3. Trade means countries can provide a wider variety of products for their consumers.T
4. International trade can greatly expand the market, which enables the suppliers to take advantage of economies of scale.T
5. Exchange rate fluctuations may create many pr
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