International Trade 3.5 / 5 based on 2 ratings ? Business StudiesA2/A-levelEdexcel Created by: ChristieCreated on: 28-11-12 15:21 Give 3 examples of trade unions among countries Asia Pacific economic cooperation (APEC) Southern African customs Union (SACU) Europe Union (EU) 1 of 5 What does the WTO (world trade organisation) do? Reduce barriers to trade and to ensure that countries keep to the agreements they have made 2 of 5 What is a benefit of countries that export? Economies of scale: as output grows, businesses can produce at lower average cots than before. 3 of 5 What are the 3 constraints for seeking international markets? Extra costs Extra risks Time delay 4 of 5 Name 2 types of trade barrier Tariff - tax on imports Quota - physical limit on amount of a certain product allowed into a country 5 of 5
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