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Business in a Global Economy

AB
products made in one country and sold in anotherexports
a fixed limit on the import of a productquota
a complete ban on a product or all the products from another countryembargo
a view that there should be limits on foreign trade in order to protect business at homeprotectionism
prducts one country buys from another countryimports
a special tax on goods made in one country and sold in anothertariff
the price at which one currency can buy another currencyexchange rate
the difference between how much a country imports and how much it exportsbalance of trade
a view that all countries should be free to compete anywhere in the world without restrictionsfree trade
a company that does business in many countries and has facilities and offices in many countriesmultinational corporation


Houston, TX

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