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10 Cards in this Set

  • Front
  • Back
Exports
goods and services sold to another country
Quota
a limit on the quantity of a product that may be imported and exprted within a given period of time
Multinational Company or Corporation
an organization that conducts business in several countries
Exchange Rate
the value of money of one country expressed in terms of the money of another country
Imports
goods and services bought from another country
Embargo
stopping the importing or exporting of a certain product or service
Balance of Trade
the difference between a country's total exports and total imports of goods
Tariff
a tax that the government places on certain imported products
Balance of Payments
the difference between a country's total payments to other countries and its total recipts from other countries
International Business
the business activities necessary for creating, shipping, and selling goods and services across national borders