| A | B |
|---|
| imports | items bought from other countries |
| exports | goods and services sold to another country |
| 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 | the value of the money of one country expressed in terms of the money of another country |
| infrastructure | a nation’s transportation, communication, and utility systems |
| trade barriers | government restrictions to reduce free trade |
| quota | a limit on the quantity of a product that may be imported and exported within a given period of time |
| tariff | a tax that a government places on certain imported products |
| embargo | stopping the importing or exporting of a certain product or service |
| multinational company (MNC | an organization that does business in several countries |
| joint venture | an agreement between two or more companies to share a business project |
