What is international trade? the main difference between domestic trade and international trade is the use of foreign currencies to pay for the goods and services crossing the international borders. whenever a country imports or exports goods and services, there is a resulting flow of funds: money returns to the exporting nation and flows out of the importing nation. of course, it is to the advantage of all countries to try to export more than they import. occasionally, in order to protect their own citizens, countries have to set up barriers to free trade. for example, to protect its own farmers japan limits the import of rice, and japanese consumers pay more for home-grown rice. governments may also control imports by levying taxes or tariffs on imported goods. trade and investment is a two-way street, and with a minimum of trade barriers, international trade and investment usually make everyone richer and happier. a natural development of international trade is building people-to-people contacts and promoting global understanding. instead of fighting wars, nations compete in producing better goods and services. in global economy, consumers are given the opportunity to buy the best products at the best prices. so, international trading becomes useful and profitable. 2. задайте по содержанию текста 3 вопроса и дайте на них ответы.

Илья2389 Илья2389    2   23.09.2019 05:40    0

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halimattek halimattek  08.10.2020 11:33
1) What is the advantage of all countries to try to export more than they import
-With exporting nation gets money that means there is an income and when any nation imports the products, they flow money out
2)Why do countries have to set up barriers to free trade ?
-They do it with a veiw to protecting their own citizens
3)What another advantage does the international trade have except making money and changing the goods?
-International trade is building people-to-people contacts and promoting global understanding that makes our communication more powerful and reliable.
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