Chapter 10 Gen Business Vocab

Front

Few or no limits on trade between countries.

Back

free trade

Front

Ban on import/export.

Back

embargo

Front

Economies of the world.

Back

global economy

Front

Goods and services a country buys from another country.

Back

imports

Front

Limits on product imports.

Back

quota

Front

Buying and selling goods and services.

Back

trade

Front

Goods and services a country sells to another country.

Back

exports

Front

Exchange of goods and services between countries.

Back

international trade

Front

Tax on imports raises price.

Back

tariff

Front

Govt limiting foreign trade.

Back

protectionism