Intro to Business Final

Items bought from other countries

• Exports
• Tariffs
• Embargoes
• Imports

Goods and services sold to other countries

• Exports
• Imports
• Tariffs
• Embargoes

Making, buying, and selling of goods and services within a country.

• International Business
• Economic Business
• Domestic Business
• Foreign Business

The amount a country owes to other countries

• Marginal Debt
• National Debt
• Domestic Debt
• Foreign Debt

The value of a currency in one country compared with the value in another

• Transfer Rate
• Exchange Rate
• Monetary Rate
• International Rate

Location, climate, terrain, seaports, and natural resources

• Zone
• Latitude
• Geography
• Longitude

A nation's transportation, communication, and utility systems

• Public Utilities
• Satellite
• Mobility Structure
• Infrastructure

Restrictions to free trade

• Exports
• Imports
• Trade Barriers
• Absolute Advantage

To regulate international trade, governments set a limit on the quantity of a product that may be imported or exported within a given period

• Tariffs
• Quotas
• Duties
• Embargoes

A tax that a government places on certain imported products

• Tariff
• Embargoes
• Duties
• Imports