The main reason countries trade with each other is that:

Specialising in what they do best and exchanging raises total output

A trade surplus occurs when:

Exports are greater than imports

It can raise prices and provoke retaliation

The price of one currency in terms of another

Buys more foreign currency than before

Imports cheaper and exports dearer

Make UK exports cheaper for foreigners

The growing integration and interdependence of the world's economies

Profits may flow back to the home country rather than staying local

13questions. Pick an answer and you'll see why right away.

Exports are goods and services that a country:
The main reason countries trade with each other is that:
A country exports £90bn and imports £110bn. Its trade balance is:
A trade surplus occurs when:
A tariff is:
Which is an argument against protectionism?
An exchange rate is:
If £1 = $1.40, a UK exporter selling goods for £5,000 receives:
An appreciation of the pound means the pound:
Using SPICED, a stronger pound makes:
A depreciation of the pound is most likely to:
Globalisation is best described as:
A multinational company opening a factory in a developing country may bring the drawback that: