Please Define the Following Key Terms

question 70

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Modernism

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Definitions:

Exporting Nation

A country that sells goods and services to other countries, resulting in a net inflow of funds from international trade.

Product Price

The amount of money required to purchase a particular good or service.

World Trade Organization

An intergovernmental organization that regulates international trade with the aim of ensuring that trade flows as smoothly, predictably, and freely as possible.

Trade Barriers

Measures such as tariffs, quotas, and regulations that governments use to control the amount and type of goods and services imported or exported.