| A | B |
|---|
| Appreciates | strengthens in value |
| Depreciatates | weakens in value |
| Tariff | tax on imported products |
| Quota | amounts that can be imported |
| Importing | purchase of foreign products |
| Exporting | sale of goods outside the USA |
| Trade deficit | A negative balance of trade |
| Blance of trade | balance of export and imports |
| Capitalism | private ownership of businesses |
| Communism | public ownership of businesses |
| Socialism | of both communism and captalism |
| Joint venture | agreement between two firms |
| Privatization | governments allowing firms to compete |
| Spot rate | exchange rate(immediate) |
| Direct foreign investment | acquisition of a foreign business |
| Hedge | protect against rate movements |
| Stock | certificates of ownership of a business |
| Charter | a document to incorporate a business |
| Bylaws | general guidelines for managing the firm |
| Franchisee | firm that is allowed to use the trade name or copyright of a franchise |
| Equity | the total investment by the firm's stockholders |
| Monopoly | sole provider of goods or services |
| Economic Growth | the change in the general level of economic activity |
| Cyclical Unemployment | people who are unemployed because of poor economic conditions |
| Inflation | the increase in the general level of prices of products and services over a specified period of time |
| Surplus | the quanitity supplied by firms exceeds the quanitity demanded by customers |
| Importing | represents the purchase of foreign products or services |
| Entrepreneurs | people who organize, manage, and assume the risk of starting a business |
| Frictional Unemployment | people who are between jobs |
| Creditors | financial institutions or individuals who provide loans |
| Dividens | income that the firm provides to its owners |
| Market Share | a firm's sales as a proportion of the total market |
| Seasonal Unemployment | People whose services are needed only on a seasonal basis |
| Monetary Policy | decisions on the money supply level in the United States |
| Accounting | summary and analysis of the firm's financial condition |
| Federal Budget Deficit | when the amount of federal government spending exceeds the amount of federal taxes and other revenue received by the federal government |
| Segments | subsets of the market that reflect a specific type of business and the specific type of business and the perceived quality |
| Structural Unemployment | people who are unemployed because they do not have adequate skills |
| Industry Demand | total demand for the products in the industry |
| Money Supply | Demand deposits (checking accounts) currency held by the public, and travelers checks |
| Cost - Push Inflation | higher prices charged by firms are caused by higher costs |
