1. What are trade balances?
2. Identify three ways in which borrowing money or running a trade deficit can result in a weaker economy.
3. Identify three factors that influence a country's level of trade.
4. Define "foreign exchange market".
5. Describe different types of investments like foreign direct investments (FDI), portfolio investments, and hedging.
6. Define arbitrage.
7. Define absolute advantage.
8. Define comparative advantage, and opportunity costs
9. Explain tariffs as barriers to trade.
10. Identify at least two benefits of reducing barriers to international trade.