International Trade #3

3. Trade gives consumers more choice and often lower prices.
7. Focusing on producing certain goods or services to increase efficiency.
8. Money spent in New Zealand by foreign visitors, counted as an export service.
9. A company that operates in more than one country.
10. Raw materials from farming, forestry, and fishing.
12. A supply and demand diagram showing how the value of the NZ dollar is set.
14. The amount of New Zealand dollars people want to buy in exchange for other currencies.
16. Trade opens bigger markets for New Zealand producers but increases competition.
17. Fees and living costs paid by international students in New Zealand.
18. Trade affects tax income, jobs, and policies like subsidies or tariffs.

1. A weaker NZ$ makes exports cheaper overseas, boosting sales.
2. Some workers gain jobs in export industries, while others may lose jobs to imports.
4. When overseas companies invest in New Zealand businesses or assets.
5. When the value of the NZ dollar changes a lot in a short time.
6. The ratio of export prices to import prices.
11. Goods made overseas, such as cars or electronics, that New Zealand buys.
13. When New Zealand can produce a good at a lower opportunity cost than another country.
15. The growing connection between countries through trade, finance, and culture.