The Global Marketplace
The Global Marketplace
The Global Marketplace
The Global Marketplace
The Global Marketplace
100
Imports
What are goods and services that one country buys from another country.
100
Exports
What are goods and services one country sells to another country?
100
Trade Balance
What is the difference in value between a country's imports and exports?
100
Multinational corporation
What is a company that does business in many countries and has facilities and offices around the world.
200
Comparative Advantage
What is the ability of one country to produce a particular good more efficiently than another country or company.
200
Currency
What is another name for money.
200
Exchange Rate
What is the price that which one currency can buy another currency.
200
Global Economy
What is the interconnected economies of the nations of the world?
200
Trade
What is the activity of buying and selling goods and services in domestic or international markets.
300
International Trade
What is the exchange of goods and services between nations?
300
Specialization
What is it called to focus on a particular activity, area or product?
300
Trade Surplus
What is it called - When a country exports more than it imports.
300
Trade Deficit.
What is it called when a country imports more than it exports?
400
Protectism
What is the practice of the government putting limits on foreign trade to protect businesses at home?
400
Free Trade
What is it called when there are few or no limits on trade between countries.
400
Trade Barriers
What is it to limit competition from other countries,
400
Trade Alliance
What is it when countries merge their economies into one huge market?
400
NAFTA
What is a trade alliance between Canada, US and Mexico
500
ASEAN
What is a trade alliance between Cambodia, Indonesia, Vietnam and Malaysia?
500
European Union
What is a trade alliance between Austria, Belgium, German, Ireland, and Italy?
500
Tariff
What is a tax placed on imports?
500
Quota
What is a limit placed on the quantities of product that can be imported?
500
Embargo
What is ban on the import or export of a product?
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