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25 Cards in this Set
- Front
- Back
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Currency |
A nation's money. |
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Embargo |
A ban on trade with another country for one or all goods,based on countries opinion of the product |
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Emigrate |
To permanetly leave one country for another, people who do this are called emigrants. |
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Entrepreneur |
A person who starts his/her own buisness in hope of earning a profit. |
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Exchange Rate |
The price of one nation's currency in terms of another |
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Export |
A good or service sold to another country. |
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Franchise |
A special right given to a businessperson to sell a company's product. |
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Human Resources |
A person who works at a company,buisness,or organization. |
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Import |
A good or service bought from another country. |
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Manufacture |
To make products by hand or machinery. |
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Natural Recourse |
The raw material necessary to make a finished product. |
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North American Free trade Agreement |
An agreement between the goverments of the us,mexico and canada to lower trade barriers on one another's products |
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Output |
The amount of a good produced |
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quota |
A control on the amount of a product that be imported into a country. |
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Tariff |
A tax on a good imported into a country. |
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Trade |
an exchange of a good or service. |
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World trade organization |
An organization acting as a court to hear and settle trade disputes among its members nations. |
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Inflation |
A rise in the prices of most goods and services |
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Supply |
Quanity of goods offered at all prices |
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demand |
Amount of an item purchases are willing and able to buy at all prices |
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seasonal product |
products that affect supply and demand based on the time of year the product is sold |
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Federal Reserve |
The organization that prints money,tracks our economy and decides interest rates. |
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Depreciate |
To lose value. |
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Appreciate |
To gain value. |
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Productivity |
The amount of a good produced (output) by a certain number of workers,their resources,and the length of time worked (input). |
