More information about the market - Crossing borders

5 important questions on More information about the market - Crossing borders

What are import duties?

Tax on imported products and services.

What is the import ratio?

Percentage of the import amount in relation to GDP

What is the internal market?

Common market of all the European Union countries within which there is free trade
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

What is international division of labour?

Every country produces the products and services that they are best or cheapest at producing.

What is a multinational?

A company with sites/branches in many countries.

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo