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Global Marketplace
BTC 10.1
| Question | Answer |
|---|---|
| The interconnected economies of the nations of the world. | The 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. | Multinational Corporation |
| The activity of buying and selling goods and services in domestic or international markets. | Trade |
| Goods and services one country buys from another country. | Imports |
| Goods and services one country sells to another country. | Exports |
| The difference in value between a countries imports and exports over a period of time. | Balance of Trade |
| The ability of a country to produce a particular good more efficiently than another country. | Comparative Advantage |
| The price at which one currency can buy another currency. | Exchange Rate |
| The practice of a government putting limits on foreign trade to procect burinesses at home. | Protectionism |
| A tax put on imports to increase their price in the domestic market. | Tariff |
| A limit placed on the quantities of a product that can be imported. | Quota |
| A ban on the import or export of a product. | Embargo |
| Occurs when there are few or no trade limits between countries. | Free Trade |
| Clearly defined or identified. | Specific |
| A person engaged or qualified in a profession. | Professionals |
| Strengthen or support physically or mentally. | Sustains |
| A thing used for transporting people or goods, esp. on land, such as a car, truck, or cart. | Vehicles |
| A disagreement, argument, or debate. | Disputes |
| Put a limit on; control. | Restrict |
| Act jointly; work toward the same end. | Cooperate |
| Disagreement, typically when prolonged, public, and heated. | Controversy |
| The production, purchase, and sale of goods and services within a country. | Domestic Trade |
| The exchange of goods and services across international boundries. | World Trade |
| To focus on a particular activity, area, or product. | Specialize |
| Made of banks where different currencies are exchanged. | Foreign Exchange Market |
| To limit competition with other countries. | Trade Barriers |
| When several countries merge their economies into one market. | Trade Alliances |
Created by:
zachary_franz
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