A | B |
Imports | Items bought from other countries |
Exports | Goods and services sold to other countries. |
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 | 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 to free trade. |
Quota | To regulate international trade, governments set a limit on the quantity of a product that may be imported/exported. |
Tariff | A tax that a government places on certain imported products. |
Embargo | To stop the export or import of a product completely. |
Multinational company | An organization that does business in several countries. |
Joint venture | An agreement between two or more companies to share a business project. |