Ch. 3 Intro to Business vocab review

Front

Govt restrictions reducing free trade

Back

Trade barrier

Front

Difference between total payments and receipts from other countries

Back

balance of payments

Front

Tax on certain imports

Back

tariff

Front

Difference between a country's total exports and imports of goods

Back

balance of trade

Front

Limit on quantity of product imported/exported in a period

Back

quota

Front

Stopping the import/export of a product or service

Back

embargo

Front

An organization conducting business in multiple countries.

Back

Multinational company (MNC)

Front

Value of one country's money in terms of another's

Back

exchange rate

Front

Agreement between companies from different countries to share a business project

Back

joint venture

Front

Goods and services sold to another country

Back

Exports