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international vocab
question | Answer |
---|---|
balance of trade | The difference between exports and imports |
embargo | goods and services sold to other countries |
European union | Free trade among European nations, all using the eruo. |
globalization | occurs when a company does not change anything about its product or promotion. |
international trade | the exchange of goods and services among nations. |
north american free trade (NAFTA) | trade agreement between Canada, the United States, and Mexico |
tariff | a tariff is a tax on imports |
world trade organization (wto) | a global group of nations that make the rules governing international trade. |