Questions and Answers
What is the definition of a tariff?
A tax on imports or exports of goods between countries
What does GDP stand for?
Gross Domestic Product
Which term refers to the trade of goods and services, capital, knowledge, and technology across borders on a global scale?
IBEX
What is the role of a freight forwarder?
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What is a common misconception regarding disposable income?
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What does SITC stand for?
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Exporting refers to buying goods from other countries to sell.
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A trade barrier is a restriction on goods entering but not leaving a country.
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Tariff is a tax on imports but not on exports.
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GDP stands for the total market value of all goods and services produced by workers and capital within a nation during a given period.
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An interpreter is someone who arranges shipments and prepares necessary exporting paperwork.
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Disposable income is the money people have to spend after paying for all their expenses.
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