| A | B |
|---|
| Global Economy | The interconnected economies of the nations of the world |
| International Trade | Involves the exchange of goods and services between nations |
| Multinational Corporation | A company that does business in many countries and has facilities and offices around the world |
| Trade | The activity of buying and selling goods and services in domestic or international markets |
| Imports | Are goods and services that one country buys from another country |
| Exports | Are goods and services that one country sells to another country |
| Comparative Advantage | The ability of a country or company to produce a particular good more efficiently than another country or company |
| Exchange Rate | The price at which one currency can buy another currency |
| Balance of Trade | The difference in value between a country’s imports and exports over a period of time |
