International Business FLASHCARD Review

Front

Setting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called?

Back

Quota

Front

___________ is a tax that a government places on certain imported products

Back

Tariff

Front

Stopping the export and import of a product is known as?

Back

Embargo

Front

Buying goods and services from another country is considered?

Back

Importing

Front

Selling goods and services from your country to another country is considered?

Back

Exporting

Front

When your exports are greater than your imports, this exists?

Back

Trade surplus

Front

When your exports are less than your imports, this exists?

Back

Trade deficit

Front

Goods and services that are sold abroad.

Back

Exports

Front

Goods and services that are purchased abroad

Back

Imports

Front

The difference between the value of the goods a country exports and the value of the goods it imports.

Back

Balance of Trade