International trade

•  Balance of trade

  The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports. A favourable balance of trade is known as a trade surplus and consists of exporting more than is imported; an unfavourable balance of trade is known as a trade deficit or, informally, a trade gap.

  

  20.0%
  

  20.0%
  

  60.0%
  
•  David Ricardo

  David Ricardo (19 April 1772 – 11 September 1823) was an English political economist, often credited with systematizing economics, and was one of the most influential of the classical economists, along with Thomas Malthus and Adam Smith. He was also a member of Parliament, businessman, financier and speculator, who amassed a considerable personal fortune.

  

  23.1%
  

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  30.8%
  
•  International Monetary Fund

  The International Monetary Fund (IMF) is the international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rate and the balance of payments. It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development. It also offers highly leveraged loans, mainly to poorer countries. Its headquarters are in Washington, D.C.

  

  16.7%
  

  33.3%
  

  50.0%
  
•  ISO 4217

  ISO 4217 is the international standard describing three-letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO).

  

  14.3%
  

  57.1%
  

  28.6%
  
•  Special Drawing Rights

  A Special Drawing Right (SDR) is the monetary unit of the reserve assets of the International Monetary Fund (IMF). The unit was created in 1969 in support of the Bretton Woods system of fixed exchange rates to alleviate the shortage of U.S. dollar and gold reserves in the expansion of international trade. The SDR unit is defined as a weighted sum of contributions of four major currencies, reevaluated and adjusted every five years, and computed daily in terms of equivalent United States dollars.

  

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•  Gresham's law

  Gresham's law is commonly stated: "Bad money drives out good", but more accurately stated: "Bad money drives out good under legal tender laws". This law applies specifically when there are two forms of commodity money in circulation which are required by legal-tender laws to be accepted as having similar face values for economic transactions. Gresham's law is named after Sir Thomas Gresham (1519 – 1579), an English financier during the Tudor dynasty.

  

  60.0%
  

  20.0%
  

  20.0%
  
•  Autarky

  Autarky is the quality of being self-sufficient. Usually the term is applied to political states or their economic policies. Autarky exists whenever an entity can survive or continue its activities without external assistance. Autarky is not necessarily economic. For example, a military autarky would be a state that could defend itself without help from another country.

  

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  100.0%
  

  0.0%
  
•  Embargo

  An embargo is the partial or complete prohibition of commerce and trade with a particular country, in order to isolate it. Embargoes are considered strong diplomatic measures imposed in an effort, by the embargo-imposing-country, to elicit a given national-interest result from the country on which it is imposed. Embargoes are similar to economic sanctions and are generally considered legal barriers to trade, not to be confused with blockades, which are often considered to be acts of war.

  

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•  Comparative advantage

  In economics, the principle of comparative advantage refers to the ability of a party (an individual, a firm, or a country) to produce a particular good or service at a lower opportunity cost than another party. It is the ability to produce a product most efficiently given all the other products that could be produced. It can be contrasted with absolute advantage which refers to the ability of a party to produce a particular good at a lower absolute cost than another.

  

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•  Purchasing power parity

  The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Based on a theory proposed by the School of Salamanca in the 16th century, it was developed in its modern form by Gustav Cassel in 1918, it is based on the law of one price: the theory states that, in ideally efficient markets, identical goods should have only one price.

  

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• International economics by likeorhate
• International trade by likeorhate

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•  Grantley Adams International Airport

  The Grantley Adams International Airport (GAIA), is found in Seawell, Christ Church on the island of Barbados. The former name of the airport was Seawell Airport before being dedicated in honour of the first Premier of Barbados, Sir Grantley Herbert Adams in 1976. The airport's timezone is GMT –4, and is located in World Area Code region #246.

  

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•  Terrapene

  Terrapene is a genus of box turtles found in the eastern half of the United States and Mexico.

  

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•  No Half Steppin'

  No Half Steppin' is the debut album by R & B Singer Sharissa. It was released in 2001 on Motown Records. Poor album sales caused Sharissa to be dropped from the label.

  

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•  Contest of Homer and Hesiod

  The Contest of Homer and Hesiod (Certamen Homeri et Hesiodi) is a Greek narrative that expands a remark made in Hesiod's Works and Days to recount an imagined poetical agon between Homer and Hesiod, in which Hesiod bears away the prize, a bronze tripod, which he dedicates to the Muses of Mount Helicon. A tripod, believed to be Hesiod's dedication-offering, was still being shown to tourists visiting Mount Helicon and its sacred grove of the Muses in Pausanias' day, but has since vanished.

  

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•  David Biscan

  

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