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.chapter3.

International Business Basics

QuestionAnswer
What are itens bought from other countries? imports
What is the difference between a country's total exports and total imports? balance of trade
What is the difference between the amount of money that comes into a country and the amount that goes out of it? balance of payments
What is the value of a currency in one country compared with the value in another? exchange rate
What is the cost of using someone else's money? interest rates
What refers to a nation's transportation, communication, and utility systems? infrastructure
What are restrictions to free trade? trade barriers
What is a limit set on the quantity of a product that may be imported or exported within a given period? quota
What is a tax that a government places on certain imported products? tariff
What is the stop of exports or imports of a product completely? embargo
Created by: schreiner
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