| A | B |
|---|
| income | taxes paid on earnings |
| Colonfree | a free-trade zone |
| mostfavored nation | country pays lowest customs duty tax |
| economic | community where countries bond together to eliminate trade barriers |
| VAT | tax used in European countries |
| sales | tax on sale of products |
| boycott | total restriction in imported goods |
| protectionism | using government regulatins to limit imports |
| war | type of political risk which causes interruption of business activities |
| import | type of tax assessed on imported goods |
