| A | B |
|---|
| world trade | trade among countries |
| export | goods produced in one country and sold in another |
| import | foreign goods brought into a country |
| trading partner | who we trade with |
| foreign exchange rate | the value of one currency in relationship to another |
| quota | fixed limit on the export or import |
| tariff | a special tax on goods made in another country |
| embargo | stopping the import or export of goods |
| balance of trade | difference of in the amount traded |
| trade deficit | unfavorable balance of trade |
| balance of payments | the difference in the total amount of money flowing in and flowing out |
