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13 Cards in this Set
- Front
- Back
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Global economy |
The interconnected economies of the nations of the world |
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International trade |
The exchange of goods and services between nations |
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Multinational corporation |
A company that does business in many countries and has facilities and offices around the world |
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Trade |
The activity of buying and selling goods and services in domestic or international markets |
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Imports |
goods and services that one country boys from another |
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Exports |
Goods and services that a country sells to another country |
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Balance of trade |
The difference in value between a country's imports and exports over a period of time |
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Comparative advantage |
The ability of a country to produce a particular good more efficiently than another country or company |
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Exchange rate |
The price at which one currency can buy another |
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Specific |
Applying to carry characterized by or distinguishing something particular special or unique |
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Professionals |
One who engages in a pursuit or activity proffesionally |
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Sustains |
To give support or relief to |
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Vehicles |
A means of carrying or transporting something |
