International Trade

Which of these is NOT a barrier to international trade

Foreign Trade is necessary in Ireland

Tariffs are taxes on imports that make them more expensive than home-produced goods?

In the past industry in Ireland was protected to protect and help the balance of payments?

The Balance of [blank_start]Trade[blank_end] only refers to [blank_start]visible[blank_end] trade, which means any [blank_start]physical goods[blank_end]. [blank_start]Invisible[blank_end] trade refers to the export of [blank_start]services[blank_end]. If the total value of [blank_start]visible[blank_end] [blank_start]exports[blank_end] is greater than the total value of [blank_start]visible[blank_end] [blank_start]imports[blank_end], there is a [blank_start]surplus[blank_end] in the balance of [blank_start]trade[blank_end]. This means there is more money coming into the country. if the total value of [blank_start]visible[blank_end] exports is [blank_start]less[blank_end] than the total value of [blank_start]visible[blank_end] imports then there is a [blank_start]deficit[blank_end] in the balance of [blank_start]trade[blank_end] which means [blank_start]more[blank_end] money is [blank_start]leaving[blank_end] the country than coming in to it.

Balance of Trade is calculated using which of the following:

Balance of Payments = total exports - total visible imports

The Balance of [blank_start]Payments[blank_end] is the total [blank_start]exports[blank_end] less total [blank_start]imports[blank_end] of a country during the same period of time. The balance of [blank_start]payments[blank_end] relates to both [blank_start]visible and invisible[blank_end] trade and involves the total amount of money entering (payments [blank_start]received[blank_end]) and leaving (payments [blank_start]made[blank_end]) the country during the same period of time.

Free trade, proximity and language are all opportunities for Irish business in international trade?

Culture and green image are challenges for Irish business in International trade?

The changing nature of the [blank_start]international[blank_end] economy has impacted on industry in Ireland but has also provided opportunities for Irish [blank_start]exporters[blank_end]. These changes include the following: 1. developments in [blank_start]technology[blank_end], 2. new emerging [blank_start]markets[blank_end], 3. globalisation, 4. [blank_start]currency[blank_end] fluctuation, 5. expansion of the [blank_start]EU[blank_end], 6. deregulation.