| A | B |
|---|
| ambassador | official representative of a nation |
| trade surplus | when a country exports more than imports |
| profit | earnings after expenses |
| globalization | cooperation among nations in production and trade |
| consumer | one who purchases goods/services |
| jade | semi-precious green stones |
| grant | money given for a specific purpose |
| specialization | concentration on a narrow range of goods and services |
| incentive | factor that motivates people |
| balance of trade | condition when trading partners have equal values of imports and exports |
| interdependence | reliance on trade to meet contries' needs for goods/services |
| expense | anything that requires an outlay of money |
| debt | money owed |
| salary | regular payment for work |
| domestic | household worker or servant |
| tariffs | taxes on imports or exports |
| GNP | the total value of a country's goods/services in a year |
| developing nation | country that is poor and struggling |
| relic | treasured remain or fragment |
| merger | joining of two countries |
| competition | effort to be better than other countries, products,etc. |
