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The amount of a product imported is referred to as "imports." In trade terminology, it can also be quantified in terms of "import volume" or "import quantity," which indicates the total units or value of goods brought into a country from abroad. This data is crucial for understanding trade balance and economic health.
There are 2 syllables. A-broad.
import
Chevron?
Dumping.
the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production
production cost is low (mostly b/c of the wages)
the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production
the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production
F Dumping ⇔ international price discrimination » Selling same product at different prices, at home and abroad F GATT/WTO definition » Selling in the foreign market at price < price in home market F US and alternative GATT/WTO definition » Selling in the foreign market at price < "fair market value" which is often taken to mean < "normal average cost
the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production
3 major types of cross-border transactions:buying or selling productsbuying or selling servicesproducing or selling products or services abroad by establishing a foreign presence tluough direct investment.
foreign license agreement
It's cheaper
Gross National Product (GNP) measures the total value of goods and services produced by a country's residents, regardless of where they are located. Gross National Income (GNI) includes the total income earned by a country's residents, both domestically and abroad. The main difference is that GNP focuses on production, while GNI includes income earned from production.
This is called exchanging currency, and it is usually required when traveling abroad.