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What is international trade

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Reference no: EM133297472

Question 1:  What is International Trade?

  • Importing: buying goods & services from other countries.
  • Exporting: selling goods & services to other countries

Question 2: How have trading blocks been effective in promoting International Trade?
Question 3: World Soccer is one of the most significant International Export/Import commodities or services. For example, Spain's most significant export revenue generator could be its La Liga soccer league and industry, and Spain's soccer players playing around the world are bringing in a lot of revenue into Spain. I am told the El Classico extravaganza's worldwide TV audience hovers around 800 million viewers. I am one of the audience. Can you believe the advertising revenue that alone brings into Spain.

Reference no: EM133297472

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