Global trade bingo

Exercise and reference answers

Clues and terms

1. Clue

   Home goods sold abroad.

   Item

   Exporting

2. Clue

   Imports beat exports.

   Item

   Trade deficit

3. Clue

   Exports beat imports.

   Item

   Trade surplus

4. Clue

   Tax on goods coming in.

   Item

   Tariff

5. Clue

   Caps how much comes in.

   Item

   Quota

6. Clue

   A total ban on trade.

   Item

   Embargo

7. Clue

   Cheaper abroad than home.

   Item

   Dumping

8. Clue

   Others may use the process.

   Item

   Licensing

9. Clue

   Two firms share a stake.

   Item

   Joint venture

Instructions

Read each clue and tap the term it describes.

Explanation