| A | B |
|---|
| Imports | Items bought from other countries. |
| Exports | Goods and other services sold to other countries |
| Balance of trade | The difference between a country’s total exports and total imports |
| Balance of payments | The difference between the amount of money that comes into a country and the amount that goes out of it. |
| Exchange rate | Is the value of a currency in one country compared with the value in another. |
| Infrastructure | Refers to a nation’s transportation, communication, and utility systems. |
| Trade barriers | Restrictions from free trade |
| Quota | A government set limit on the quantity of a product that may be imported or exported within a given period |
| Tariff | A tax that a government places on certain imported products |
| Embargo | An action imposed by the government to stop the export or import of a product completely |
| Multinational company (MNC) | An organization that does business in several countries. It usually consist of a home country and divisions or separate companies in one or more host countries |
| Joint venture | A unique business organized by two or more other businesses to operate for a limited time and for a specific project. It is a type of partnership |
