| Question |
Answer |
| what are imports |
Are items bought from other countries |
| What is exports |
Exports are goods and services sold to other countries |
| What is the balance of trade |
it is the difference between a country's total exports and total imports |
| what is the balance of payments |
it is the difference between the amount of money that comes into a country and the amount that goes our of it |
| What is the exchange rate |
The exchange rate is the balue of a currency in one country compared with the value in another |
| What is infrastructure |
Refers to a nations transportation, communication, and utility systems |
| What is a quota |
The limit on the quantity of a product that may be imported or exported |
| What is a tariff |
A tax that a government places on certain imported products |
| What is embargo |
Wher the government stops the export or import of a product completely |
| what is a multinational company |
It is an organization that does business in several countries |
Ch.18 LTI-MA 509
