Intro to Business Chapter 3

Goods and services sold to another country

• embargo

• exports

• balance of payments

• tariff

A limit on the quantity of a product that may be imported and exported within a given period.

• balance of trade

• exchange rate

• infrastructure

• quota

Government restrictions to reduce free trade.

• trade barrier

• exports

• joint venture

• multinational company

An organization that conducts business in several countries.

• trade barrier

• quota

• multinational company

• imports

The value of money of one country expressed in terms of the money of another country.

• embargo

• imports

• tariff

• exchange rate

Goods and services bought from another country

• exports

• imports

• balance of payments

• balance of trade

Stopping the importing or exporting of a certain product or service.

• balance of trade

• embargo

• tariff

• Quota

An agreement between two or more companies from different countries to share a business project.

• infrastructure

• trade barrier

• joint venture

• multinational company

The difference between a country's total exports and total imports of goods.

• tariff

• quota

• balance of trade

• balance of payments

A tax that a government places on certain imported products.

• tariff

• quota

• embargo

• exports