Key Terms
Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.
Question
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Imports, p. 572
Exports, p. 572
Globalization, p. 572
Ricardian model of international trade, p. 573
Autarky, p. 574
Factor intensity, p. 579
Heckscher–Ohlin model, p. 579
Domestic demand curve, p. 582
Domestic supply curve, p. 582
World price, p. 582
Exporting industries, p. 586
Import-competing industries, p. 586
Free trade, p. 588
Trade protection, p. 588
Protection, p. 588
Tariff, p. 588
Import quota, p. 590
Balance of payments accounts, p. 592
Balance of payments on current account (current account), p. 594
Balance of payments on goods and services, p. 594
Merchandise trade balance (trade balance), p. 594
Balance of payments on financial account (financial account), p. 594
Foreign exchange market, p. 599
Exchange rates, p. 599
Appreciation, p. 599
Depreciation, p. 599
Equilibrium exchange rate, p. 600
Real exchange rate, p. 602
Purchasing power parity, p. 604