Chapter 5 Trading Across Borders
第五章 国际贸易
Why do nations trade?
Exporting: selling abroad.Importing: Buying from abroad.Merchandise: Tangible products being traded.Service: Intangible services being trades.International trades are win-win deal.
Why do nations trade?
Trade deficit: An economic condition in which a nation imports more than it exports.Trade surplus: An economic condition in which a nation exports more than it imports。Balance of trade: The aggregation of importing and exporting that ...