| A | B |
|---|
| absolute advantage | when a country can make products cheaper |
| comparative advantage | when a country makes something better |
| imports | buying products from other nations |
| exports | selling products to other nations |
| tariff | charges for imported items |
| embargo | prohibiting importing of items from other countries |
| franchise | buying the rights to sell a corporations products |
| exchange rates | how many dollars to trade for monetary units of another country |
| domestic trade | selling and buying from your own country |
| world bank | the regulatory bank for global economy |
