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CH 3 Intro Biz JW

Vocabulary

QuestionAnswer
Goods and services bought from other countries. Imports
Goods and services sold to other countries. Exports
The difference between a country's total exports and total imports. Balance of Trade
Difference between the amount of money that comes in a country and the amount that goes out. Balance of Payments
Value of a currency in one country compared with the value in another. Exchange Rate
A nation's transportation, communication, and utility systems. Infrastructure
Restrictions on trade created by governments actions. Trade Barriers
A limit set on the quantity of a product that may be imported or exported within a given period. Quota
Tax a government places on certain imported products. Tariff
An action imposed by a government to stop the import or export of a product completely. Embargo
An organization that does business in several countries. Multinational Company (MNC)
Agreement between two or more companies that share a business project. Joint Venture
Created by: joannw15
Popular Business sets

 

 



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