| A | B |
|---|
| a military campaign that began on March 20, 2003,[50][51] with the invasion of Iraq by a multinational force led by troops from the United States | Operation Iraqi Freedom |
| an executive agency of the US government established on November 25, 2002 with a mission of protecting America and its citizens, esp. from terrorist attacks | Department of Homeland Security |
| a U.S. law enacted in response to the September 11, 2001 terrorist attacks, which gave law-enforcement officials greater ability to tap telephones and track Internet users | Patriot Act |
| The procuring of services or products, such as the parts used in manufacturing a motor vehicle, from an outside supplier or manufacturer in order to cut costs. | Out-Sourcing |
| an official list or table showing the duties or customs imposed by a government on imports or exports | Tariffs |
| exchange of capital, goods, and services across international borders or territories. | Foreign Trade |
| Rate at which one currency may be converted into another | Exchange rate |
| A formal agreement between two or more states, as in reference to terms of peace or trade | treaty |
| is a combination of two or more corporations engaged in entirely different businesses together into one corporate structure, usually involving a parent company and several (or many) subsidiaries; in different countries | multinational conglomerate |
| The North American Free Trade Agreement (NAFTA) was made between the United States, Canada, and Mexico, and took effect January 1, 1994. Its purpose is to increase the efficiency and fairness of trade among the three nations. | NAFTA (North America Free Trade Agreement) |
| is responsible for monitoring national trading policies, handling trade disputes, and enforcing the GATT agreements, which are designed to reduce tariffs and other barriers to international trade and to eliminate discriminatory treatment in international commerce. In an effort to promote international agreements | World Trade Organization (W.T.O.) |
| an association of European nations formed in 1993 for the purpose of achieving political and economic integration | European Union (E.U.) |
| Value of a country's imports exceeding the value of its exports | Unfavorable balance of trade |
| Having exports which exceed imports | Favorable balance of trade |
| the ability of a party to produce a particular good or service at a lower opportunity cost than another party | comparative advantage |
| The basic rights and freedoms to which all humans are entitled, often held to include the right to life and liberty, freedom of thought and expression, and equality before the law. | Human rights |
| a country that has achieved (currently or historically) a high degree of industrialization, and which enjoys the higher standards of living which wealth and technology make possible | Developed Countries |
| a nonindustrialized poor country that is seeking to develop its resources by industrialization; normally south of the equator | Developing Countries |
| aid given by governments and other agencies to support the economic, environmental, social and political development of developing countries | Foreign aid |
| An international organization composed of most of the countries of the world | United Nations |
| An organization set up in 1944 to lower trade barriers between countries and to stabilize currencies by monitoring the foreign exchange systems of member countries, and lending money to developing nations. | International Monetary Fund (IMF) |
| is a collection of international organizations to aid countries in their process of economic development with loans, advice, and research. It was founded in the 1940s to aid Western European countries after World War II with capital. | World Bank |
| between nations without protective customs tariffs | Free Trade |
