CE Vocab 13: Trade and Debt

Front

Payment to borrow money, usually a percentage.

Back

interest

Front

Income or money generated

Back

revenue

Front

Certificate from the government promising repayment with interest.

Back

bond

Front

Agreement in 1994 between US, Canada, and Mexico for free trade and economic boost.

Back

NAFTA

Front

Organization of workers seeking better wages, conditions, and member rights.

Back

labor union

Front

Planned spending = revenues

Back

balanced budget

Front

Process of unions and businesses reaching an agreement on wages and working conditions.

Back

collective bargaining

Front

Total money government owes to lenders

Back

national debt

Front

Removal of tariffs, quotas, and embargoes increases trade and specialization but can harm some producers.

Back

Free Trade

Front

Policies like tariffs and quotas that favor domestic producers but reduce trade.

Back

Protectionism