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2
3
4
5
100
a good or service sold to another country
What is an export?
100
a good or service bought from another country
What is an import?
100
the way of life of a group of people who share traditions, beliefs, interests, and everyday activities
What is culture?
100
a person who buys products or services
What is a consumer?
100
occurs when goods or services are marketed around the world
What is global trade?
200
a nation's money
What is currency?
200
a code of conduct that helps determine what is good, right, and proper.
What is ethics?
200
a person who starts his or her own business in hope of earning a profit
What is an entrepreneur?
200
how a country manages its resources to produce and distribute products
What is an economy?
200
an exchange of goods or service with people and business in other countries
What is international trade?
300
an agreement between two nations
What is a bilateral agreement?
300
an exchange to goods or services with people and businesses in your own country
What is domestic trade?
300
a special right given to a businessperson to sell a company's products
What is franchise?
300
to gain value
What is appreciate?
300
a belief that products should be free to move from country to country without barriers
What is free trade?
400
a finished good
What is a capital resource?
400
a regulation or law that slows or prevents trading with other nations
What is trade barrier?
400
an agreement between the government of the United States, Mexico, and Canada to lower trade barriers on one another's products.
What is North American Free Trade Agreement (NAFTA)?
400
the price of one nation's currency in terms of another nation's currency
What is exchange rate?
400
an organization acting as a court to hear and settle trade disputes among its member nations
What is the World Trade Organization (WTO)?
500
a ban on trade with another country for one or all of its goods.
What is embargo?
500
a tax on a good imported into a country
What is tariff?
500
a control on the amount of a product that can be imported into a country.
What is quota?
500
A government action that decreases an industry's production costs, which also decreases the price of the industry's good(s)
What is subsidy?
500
was/is this game fun?
Yes!
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