A | B |
Imports | Items bought from other countries. |
Exports | Goods and services sold to other countries |
balancce 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 a country. |
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 qantity of a prduct that may be imported or exported within a given period. |