| A | B |
|---|
| imports | goods and services one country buys from another |
| exports | goods and services sold to another country |
| balance of trade | difference between a country's exports &imports |
| quota | limit on quantity of an item imported or exported |
| tariff | a fee (tax) on imported items |
| embargo | stop imports & exports completely |
| exchange rate | relative value of one currency to another |
| contract | agreement to exchange goods/services for something of value |
| basic elements of contract | agreement,competence, consideration, legality |
| patent | protection for inventors |
| copyright | protection for creative works |
| trademark | protection for a business logo |
| business ethics | rules of conduct for workplace |
| bribery | money or favor given to get something in return |
