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37 Cards in this Set
- Front
- Back
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multinational corporation |
a company that does business in mny 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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vehicle |
a means if carrying or transporting something |
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tariff |
a tax placed on imports to increase their price in domestic market |
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dispute |
a disagreeement |
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imports |
goods and services that one country buys from another |
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exports |
goods and services that one country sells to another country |
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protectionism |
the practice of the government putting limits on foriegn trade to protect businesses at home |
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professinal |
one who engages in a pursuit or activity professinaly |
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exchange rate |
the price at which one currency can buy another urreny |
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embargo |
a an on the import or export of a produt |
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specific |
applying to, characterized y, or distinguishing something particular, special, or unique |
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sustain |
to give support or relief to |
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quota |
a limit placed on the quanites of a product that can be imported |
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comparitve advantage |
the ability of a country or company to produce a good more efficently than another country or company |
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balance of trade |
the differnce in value between a countries imports and exports over a period of time |
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global economy |
the interconnected economies of the nations of the world |
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free trade |
few or no limits on trade between company's |
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contraversy |
a discussion marked especially y the expressing of opposing views |
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restrict |
to confine within bounds |
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the global econmy is... |
the interconnected econmies of the nations of the world |
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the development of a global economy is ... |
gloalization |
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the production, purchase, and sale of goods and services within a country is what? |
domestic trade |
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what is international trade? |
trade that involves the exchange of goods and serrvices between nations |
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what is the differnce in value between a countries imports and exports over a period of time |
balance of trade |
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what is a surplus |
when a country imports more than it exports |
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what is specialization |
when a country focuses on a particular activity, area , or product |
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what is a compartive advanage |
the ability of a country to produce a particulr good more efficently than another country |
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what is a quota an example of |
a trade barrier |
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when does free trade occur |
when there are few or no limits on trade between countries |
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what do countries do in a trade allaince |
several countries merge their economie into one huge market |
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what is the practice of protectionism |
the practice of the government putting limits on foriegn trade to protect business at home |
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what are tarrifs usually used for |
political or military reasons |
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What is NAFTA a combination of |
United States, Mexico, and Canada |
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what do protectionism and free trade reperesent |
opposing points of view |
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what does a quota limit |
quanities of a product that ca be imported |
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what is not an example of a trade allaince |
NATO |
