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The Global Market pl

10.1 and 10.2 Madi Gordon

QuestionAnswer
Interconnected economies of the nations of the world. Global economy
The exchange of goods and services between nations. International Trade
A company that does business in many countries and has facilities and offices around the world. Multiinational corportation
Activity of buying and selling goods and services in domestic or international markets. Trade
Goods and services that one country buys from another country. Imports
Goods and services that one country sells to another country. Exports
The difference in value between a country's imports and exports over a period of time. Balance of Trade
The ability of a country or company to produce a particular good more efficiently than another country or company. Comparative advantage
The price at which one currency can buy another currency. Echange Rate
The practice of the government putting limits on foreign trade to protect businesses at home. Protectionism
A tax placed on imports to increase their price in the domestic market. Tariff
Limit placed on the quantities of a product that can be imported. Quota
Ban on the import or export of a product. Embargo
When there are few or no limits on trade between countries. Free Trade
Applying to, characterized by, or distinguishing something particular, special, or unique. Specific
One who engages in a pursuit or activity professionally. Professionals
To give support or relief to. Sustains
A means of carrying or transporting something. Vehicles
A disagreement. Disputes
To confine within bounds. Restrict
To act or work with another or others. Cooperate
A discussion marked especially by the expression of opposing views. Controversy
TO focus on a particular activity, area, or product. Specialize
Made up of banks where different currencies are exchanged. Foreign Exchange Market
Limit competition from other countries. Trade Barriers
Reduce limits on trade. Trade Alliances
Production, purchase, and sale of goods and services within a country. Domestic Trade
Exchange of goods and services across international boundaries. World Trade
Created by: madilyn_gordon