Vocab Business Ch.3
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Created by:
plainer195 on October 25, 2010
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12 terms
Terms | Definitions |
|---|---|
 Goods and services sold to another country | Exports |
| A limit on the quantity of a product that may be imported and exported within a given period. | Quota |
| Government restriction to reduce free trade. | Trade Barriers |
| An organization that conducts business in several countries. | Multinational Company (MNC) |
| The value of money of one country expressed in terms of the money of another country. | Exchange Rate |
| Goods and services bought from another country. | Imports |
| Stopping the importing or exporting of certain product or service. | Embargo |
| An agreement between two or more companies from different countries to share a business project. | Joint Venture |
| The difference between a country's total exports and total imports of goods | Balance of Trade |
| A tax that a government places on certain imported products. | Tariff |
| The difference between a country's total payments to other countries and its total receipts from other countries. | Balance of Payments |
| A nation's transportation, communication, and utility systems. | Infrastructure |
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