| A | B |
|---|
| balance of payments | The difference between a country's total payments to other countries and its total receipts from other countries. |
| balance of trade | The difference between a country's total exports and total imports of good |
| exchange rate | The value of money of one country expressed in terms of the money of another country |
| embargo | Stopping the importing or exporting of a certain product or service |
| exports | Goods and services sold to another country. |
| imports | Goods and services bought from another country. |
| international business | The business activites necessary for creating, shipping, and selling goods and services across national borders. |
| tariff | A tax that a government places on certain imported products. |
| quota | A limit on the quality of a product that may be imported and exported within a given period of time. |
| MNC | An organization that conducts business in several countries. |
