Intro to Business

Front

goods and services sold to other countries

Back

exports

Front

items bought from other countries

Back

imports

Front

government induced restrictions on international trade

Back

trade barriers

Front

stopping the export or import of a product completely

Back

embargo

Front

tax that a government places on certain imported products

Back

tariff

Front

a limit on the quantity of a product that may be imported or exported within a given period

Back

quota

Front

the difference between a country's total exports and total imports

Back

balance of trade

Front

the difference between amount of money that comes into a country and the amount that goes out of it

Back

balance of payments

Front

the value of currency in one country compared with the value in another, affected by supply and demand

Back

exchange rate

Front

an agreement between two or more companies to share a business project

Back

joint venture