A | B |
Balance of payments | the difference of a country's total payments and total receipts with other countries |
balance of trade | the difference between a country's total exports and total imports of goods |
embargo | stopping the importing or exporting of a certain product or service |
exchange rate | value of one country expressed in terms of the money of another country |
exports | goods and services sold to another country |
imports | goods and services bought from another country |
infrastructure | a nation's transportation, communication, and utility systems |
joint venture | an agreement between two or more companies from different countries to share a business project |
multinational company (MNC) | an organization that conducts business in several countries |
quota | limit on the quantity of goods imported or exported within a given period |
tariff | a tax that a government places on certain imported products |
trade barrier | government restriction to reduce free trade |