| A | B |
|---|
| import | goods and service one country buys from another country |
| exports | goods and services one country sells to another country |
| balance of trade | the difference in value between how much a country imports and how much its exports |
| multinational corporation | a company that does business and has facilities in many countries around the world |
| exchange rate | the price at which the currency of one country can buy the currency of another country |
| protectionism | limiting trade with other countries to protect business at home |
| tariff | a tax placed on imported products to make them more expensive that domestic products |
| quota | a limit placed on the quantities of a product that can be imprted |
| embargo | a ban on the import or export of a product |
| free trade | few or no limits on trade between countries |
| favorable rate | when the value of a country's currency goes up |
| unfavorable rate | when the value of a country's currency goes down |
