Unit 1: Economics and Globalization

Lesson 20b: International Trade and Foreign Exchange Markets

Key Terms

 

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Key Terms:

imports, exports, trade barriers, tariff, revenue tariff, protective tariff, import quota, nontariff barrier, export subsidies, special interest effect, infant industry, dumping, WTO, NAFTA, TPP, offshoring, exchange rate, strong dollar, weak dollar, appreciation, depreciation, trade deficit, trade surplus

 

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Lesson 20b