Chapter 10
Chapter 10-II
Chapter 11
Chapter 11-II
Mixed Bag II
100
imports
What are products one country buys from another country
100
tariff
What is a special tax on goods made in one country and sold in the U.S.
100
Intrastate Commerce
What is business activities within a state
100
Copyright
What provides protection for authors of books, plays, software, movies, artist’s work
100
Trust
What is a group of companies banded together to form a monopoly and eliminate competition
200
Exports
What are products one country sells to another country
200
Quota
What is a fixed limit, set by government on the import of a product
200
Interstate Commerce
What is business activities that cross state boundaries
200
Patent
What is a legal “right” that prevents copying an invention
200
Monopoly
What is when a large companies control of a market
300
trade surplus
What is when a country exports more than it imports
300
Embargo
What is a complete ban on a product or all the products from another country
300
Revenue
What is money taken in by a business
300
Trademark
What protects a brand name
300
Oligopoly
What is control of an industry by a small group of companies
400
trade deficit
What is when a country imports more than it exports
400
Protectionism
What is a view that there should be limits on trade in order to protect businesses at home
400
Subsidies
What are payments by government to businesses to make up for losses
400
Break of Contract
What is when a party fails to live up to the terms of a contract
400
Antitrust Laws
What is control of a market to provident unfair competition
500
Free Trade
What is a view that all countries should be free to compete anywhere in the world without restrictions
500
Tax Incentives
given by government to encourage certain activities
500
Contract
What is a legal agreement between two or more parties to conduct business
500
Multinational Corporation
What is a company that does business in many countries and has facilities and offices in many countries
M
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