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9 Cards in this Set
- Front
- Back
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balance of trade
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the difference between how much a country imports and how much it exports
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dependency
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the practice of relying too much on one trading partner
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dumping
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the practice of selling goods in a country for less than the cost of manufacturing those goods
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exports
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goods and services that people in one country sell to people in another country
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imports
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goods and services that people in one country buy from people in another country
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good
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a tangible item that is made, manufactured, or grown
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international trade
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all business activities conducted between individuals, companies, and governments from different companies
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protectionism
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a system of imposing extra costs on imports to protect the interests of local businesses
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service
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an intangible benefit or task provided by a business to its customers
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