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14 Cards in this Set
- Front
- Back
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exports
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products we sell to other countries
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tariff
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tax placed on an import of certain product
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multinational company
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an orginization conducting business in several countries with mnagement capable of doing business world wide.
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foreign debt
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debt owed to other countries
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foreign exchange market
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where the process of exchanging currency goes on.
US$ to chinese yen |
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embargo
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completely stopping imports or exports of a product to a country.
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positive balance of payments
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when a country receives more money than they pay out
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benefits of international trade
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more jobs created; peace among countries; variety of goods available
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reasons for barriers to trrade
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keeps prices at a certain level, protects domestic jobs, express disapproval with social behavior of another country
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the U.S imports alot of...
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silver, nickel, chromium, diamonds
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international trade causes competition and thus...
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higher productivity, improved quality in U.S
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quota
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a limit on the quantity on the product that may be imported or exported
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imports
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the product a country buys from another
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blance of trade vs balance of payments
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BoT- when country exports more goods than they import
BoP- when country receives more money than they pay out |
