Global Markets

Buying products from another country.

• exporting

• importing

• dumping

• global protectionism

Selling products to another country.

• importing

• exporting

• free trade

• currency

The movement of goods and services among nations without political and economic and political barriers.

• dumping

• devaluation

• free trade

• tariff

A country should sell the products it produces most efficiently and buy from other countries the products it can't produce as efficiently.

• comparative advantage

• common market

• devaluation

• contract manufacturing

A country has a monopoly on producing a specific product or is able to produce it more efficiently than all other countries

• absolute advantage

• taxes

• tariffs

• dumping

A total value of a nations exports compared to its imports measured over a particular period

• the us dollar

• free trade

• balance of trade

• quota

When the value of a countries exports are more than its imports.

• dumping

• counter trading

• trade surplus

• devaluation

When the value of a countries exports are less than it's imports

• devaluation

• trade advantage

• exportation

• trade deficit

Selling products in a foreign country at lower prices than charged in the producing country.

• dumping

• balance of trade

• licensing

• embargo

When a firm provides the right to manufacture it's product or use it's trademark to a foreign country for a fee.

• joint venture

• foreign subsidiary

• exchange rate

• licensing