<?xml version="1.0"?>
<rss version="2.0">
   <channel>
      <title>Defintion for key terms in international Econ by </title>
      <link>https://padlet.com/tancuiyan2002/Bookmarks</link>
      <description>Made with the help of a typing monkey</description>
      <language>en-us</language>
      <pubDate>2016-06-26 05:51:20 UTC</pubDate>
      <lastBuildDate>2021-11-02 05:26:40 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
      <image>
         <url></url>
      </image>
      <item>
         <title>Tariff is defined as tax imposed on imported goods in order to reduce import and protect domestic industry. </title>
         <author>tancuiyan2002</author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853150626</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 04:25:34 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853150626</guid>
      </item>
      <item>
         <title>Trading bloc</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853219112</link>
         <description><![CDATA[<div>two or more countries that have agreed to reduce or eliminate trade barriers to encourage free trade.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:13:20 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853219112</guid>
      </item>
      <item>
         <title>Exchange rate </title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853219460</link>
         <description><![CDATA[<div>the value of one currency is expressed in terms of another, can be thought as the "price" of the currency</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:13:35 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853219460</guid>
      </item>
      <item>
         <title>Appreciation</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853219669</link>
         <description><![CDATA[<div>An increase in exchange rate of one currency in terms of another currency in a floating exchange rate system.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:13:43 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853219669</guid>
      </item>
      <item>
         <title>free trade</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853219924</link>
         <description><![CDATA[<div>international trade with no government intervention imposing restrictions of any kind on imports or exports</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:13:56 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853219924</guid>
      </item>
      <item>
         <title>Depreciation </title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853220292</link>
         <description><![CDATA[<div><strong>decrease the value of a currency in terms of others in floating exchange rates system&nbsp;</strong></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:14:13 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853220292</guid>
      </item>
      <item>
         <title>Freely floating exchange rate</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853220409</link>
         <description><![CDATA[<div>an exchange rate that is determined entirely by demand and supply of&nbsp;the currency, with no government intervention</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:14:19 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853220409</guid>
      </item>
      <item>
         <title>Monetary union  </title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853220732</link>
         <description><![CDATA[<div>members of&nbsp; a common market adopt a common currency and a common central bank responsible for monetary policy for all the members.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:14:34 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853220732</guid>
      </item>
      <item>
         <title>Customs unions</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853221128</link>
         <description><![CDATA[<div>a higher form of integration than a free trade area because in addition to free trade between members, there is also a common trade policy toward non-members. e.g. SACU</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:14:53 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853221128</guid>
      </item>
      <item>
         <title>Quota </title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853221684</link>
         <description><![CDATA[<div>It is the policy that limit the physical quantity of the imported goods in order to protect the domestic industry&nbsp;</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:15:20 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853221684</guid>
      </item>
      <item>
         <title>Bilateral trade agreement</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853221762</link>
         <description><![CDATA[<div>An agreement between two countries to reduce or eliminate trade barriers to encourage free trade between them</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:15:23 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853221762</guid>
      </item>
      <item>
         <title>Balance of trade in goods</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853223124</link>
         <description><![CDATA[<div>a measure of export revenue of physical goods minus import expenditure of tangible goods over a time period</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:16:21 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853223124</guid>
      </item>
      <item>
         <title>Freely floating exchange rate</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853223127</link>
         <description><![CDATA[<div>an exchange rate that is determined entirely by demand and supply of the currency, without government intervention.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:16:21 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853223127</guid>
      </item>
      <item>
         <title>Common markets</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853223234</link>
         <description><![CDATA[<div>a&nbsp;higher form of integration than a customs union because in addition to free trade and a common trade policy toward non-members there is also free movement of labor and capital between members.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:16:26 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853223234</guid>
      </item>
      <item>
         <title>fixed exchange rate</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853223424</link>
         <description><![CDATA[<div>fixed by a country's government or central bank at a certain level in term of another currency, which is not determined by the demand and supply<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:16:34 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853223424</guid>
      </item>
      <item>
         <title>Credit item</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853224578</link>
         <description><![CDATA[<div>any transaction that leads to money entering the country from abroad</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:17:18 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853224578</guid>
      </item>
      <item>
         <title>devaluation</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853224660</link>
         <description><![CDATA[<div>a decrease in the value of a currency in fixed exchange rate system<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:17:22 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853224660</guid>
      </item>
      <item>
         <title>Absolute advantage</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853224992</link>
         <description><![CDATA[<div>A country has a absolute advantage in the production of a good if it can produce fewer resource than another country</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:17:36 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853224992</guid>
      </item>
      <item>
         <title>revaluation</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853225542</link>
         <description><![CDATA[<div>an increase in the value of a currency in a fixed exchanged rate system<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:18:03 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853225542</guid>
      </item>
      <item>
         <title>Comparative advantages</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853226971</link>
         <description><![CDATA[<div>A country has a comparative advantage in the production of a good if it can produce at a lower opportunity cost than another country</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:19:03 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853226971</guid>
      </item>
      <item>
         <title>undervalued currency</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853227364</link>
         <description><![CDATA[<div>a currency whose value is maintained lower than its market equilibrium price</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:19:20 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853227364</guid>
      </item>
      <item>
         <title>Debit item</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853227459</link>
         <description><![CDATA[<div>any item of the balance of payments involving an outflow of funds from a country, entered with a minus（-）sign.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:19:24 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853227459</guid>
      </item>
      <item>
         <title>Managed exchange rate</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853227634</link>
         <description><![CDATA[<div>the central bank intervenes at times by buying and selling foreign exchange to avoid share short-term fluctuation</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:19:32 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853227634</guid>
      </item>
      <item>
         <title>Primary income</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853227921</link>
         <description><![CDATA[<div>receipts from abroad (credits) minus payments aborad (debits)&nbsp;<br>e.g.&nbsp;rents, interests, profits</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:19:45 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853227921</guid>
      </item>
      <item>
         <title>WTO</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853228752</link>
         <description><![CDATA[<div>an international organization with the key objective to promote free trade among countries around the world</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:20:24 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853228752</guid>
      </item>
      <item>
         <title>Capital transfer</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853229464</link>
         <description><![CDATA[<div>inflows/credits minus outflows/debits of a variety of items<br>e.g. debt forgiveness, non-life insurance claims, investment grants</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:20:55 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853229464</guid>
      </item>
      <item>
         <title>Expenditure switching</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853229731</link>
         <description><![CDATA[<div>Policies that switch consumption away from imports toward domestically produce goods include: trade protectionism, money depreciation</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:21:09 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853229731</guid>
      </item>
      <item>
         <title>undervalued currency</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853230269</link>
         <description><![CDATA[<div>currency whose value is maintained lower than its market equilibrium level, may occur in the fixed and managed system<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:21:31 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853230269</guid>
      </item>
      <item>
         <title>Expenditure-reducing policies</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231016</link>
         <description><![CDATA[<div>policies that reduce expenditures and aggregate demand, lowering imports and increasing exports</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:22:01 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231016</guid>
      </item>
      <item>
         <title>Overvalued currency</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231034</link>
         <description><![CDATA[<div>a currency whose value is maintained higher than it s market equilibrium level</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:22:02 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231034</guid>
      </item>
      <item>
         <title>Profolio investment</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231767</link>
         <description><![CDATA[<div>short-term stock and bill/bond purchase which are not direct investment since they do not lead to lasting interest in company</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:22:38 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231767</guid>
      </item>
      <item>
         <title>administrative barrier</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231984</link>
         <description><![CDATA[<div>A variety of obstacles to imports imposed by governments as a form of trade protection, intended to limit the quantity of imports and protect domestic producers from foreign competition.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:22:50 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231984</guid>
      </item>
      <item>
         <title>Economic integration</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231993</link>
         <description><![CDATA[<div>growing economic relations and cooperation between countries</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:22:50 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853231993</guid>
      </item>
      <item>
         <title>subsidies</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853233217</link>
         <description><![CDATA[<div>payment by the government to firms to lower costs of production and price</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:23:56 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853233217</guid>
      </item>
      <item>
         <title>reserve assets</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853233546</link>
         <description><![CDATA[<div>foreign exchange held by the central bank that is bought or sold to influence the value of the country's exchange rate in a fixed or managed exchange rate system</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:24:13 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853233546</guid>
      </item>
      <item>
         <title>deficit on current account</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853233584</link>
         <description><![CDATA[<div>an excess of debits over credit in any of the three account, meaning that outflow going abroad &gt; inflow from abroad. </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:24:15 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853233584</guid>
      </item>
      <item>
         <title>dumping</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853234141</link>
         <description><![CDATA[<div>selling goods in foreign market at a price under its cost of production.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:24:43 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853234141</guid>
      </item>
      <item>
         <title>dumping</title>
         <author></author>
         <link>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853235890</link>
         <description><![CDATA[<div>the selling by a country of large quantities of a commodity, at a  price lower than its production cost, in another country</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-10-29 05:26:19 UTC</pubDate>
         <guid>https://padlet.com/tancuiyan2002/Bookmarks/wish/1853235890</guid>
      </item>
   </channel>
</rss>
