Contents:Select a letter to browse the items in the glossary: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Show A
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Return to top NFor a list of member countries, see Country Groupings
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Return to top What term is used when referring to purchasing products or materials in other nations and bringing them into one's own country?Importing is the flipside of exporting. Importing refers to buying goods and services from foreign sources and bringing them back into the home country.
What is buying products from another country?Imports are any resources, goods, or services that producers in one country sell to buyers in another country.
What is the name for the overall flow of money into or out of a country?Balance of Payments is the difference between the total flow of money coming into a country and the total flow of money going out of a country during a period of time.
When a country exports more than it imports it has a N?If the value of exports exceeds the value of imports, it is said that there is a trade surplus; if imports are greater than exports, the country has a trade deficit.
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