| A | B |
|---|
| tariff | tax that a government places on certain imported products |
| embargos | stop the import or export of products completely |
| quotas | set limit on the quantity of an imported good |
| free trade zone | select area where products can be imported duty-free |
| free trade agreement | contract where members agree to remove duties and trade barriers on products traded among them |
| common markets | allow companies to invest freely in other member countries |
| licensing | selling the rights to use some intangible property such as a trademark dr name brand |
| franchising | right to use a company name or business process in a specifc way |
| joint venture | an agreement between two or more companies to share a business project |
| International Monetary Fund | promote economic cooperation and maintain an orderly system of world trade and exchange rate |
| World Trade Organization | created in 1995 to promote trade and hande disputes |
| World Bank | gives economic aid to developing countries to build communications systems, transportation networks and energy plans |
