Fill in the blanks below with the most appropriate terms given:
exchange；multinational； item； greatest；services；resources； raw materials； break；protectionism； sections
1.International trade occurs when a country does not have enough of a particular to meet its needs.
2.As most countries are vigorously promoting exports and also because of the tremendous growth of corporations, the international market, in most instances, is characterized by intense competition on an extensive scale.
3.In addition to visible trade, which involves the importing and exporting of tangible goods, there is also invisible trade, which involves the exchange of between nations.
4.Traditionally, business simply meant or trade for things people wanted or needed, but today it has a more technical definition, which is the production, distribution, and sale of goods and service for a profit.
5.Nations will usually produce and export those goods in which they have the comparative advantage, and import those items in which they have the least comparative advantage.
6.The multinational corporations have been growing fantastically and now dominate many of the international market.
7.It is only more recently that it has become increasingly understood that the production of goods is a waste of unless those goods can be sold at a fair price within a reasonable time span.
8.A developing economy with an impressive development plan requires large imports of capital goods, technology, and other inputs and consumer goods to carry out the plan effectively.
9.A good external environment must be created for the development of the vast number of developing countries. All countries should remove trade of all forms, and mutually open markets.
10.Tax means a reduction in tax for certain taxpayers, intended to help a particular group of people or kind of business.
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