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Core Concepts 5.5 and 5.6

AB
tradethe exchange of goods and services in a market
exportgoods and services produced within a country and sold outside the country's borders
importgoods and services sold in a country that are produced in other countries
trade barriera government policy or restriction that limits international trade
tariffa tax on imports or exports
free tradethe removal of trade barriers
budgeta plan that shows income and expenses over a period of time
savingthe act of setting aside money for future use
interestthe price paid for borrowing money
creditan arrangement in which a buyer can borrow to purchase something and pay for it over time
investingthe act of using money in the hope of making a future profit
stocka share of ownership in a company
bonda certificate issued by a company or government promising to pay back borrowed money with interest



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