Java Games: Flashcards, matching, concentration, and word search.

Key Terms Unit 3

AB
goods and services sold to another countryexports
A limit on the quantity of a product that may be imported and exported within a given period of timequota
An organization that conducts business in several countriesmultinational company or corporation (MNC)
The value of money of one country expressed in terms of the money of another countryexchange rate
Goods and services bought from another countryimports
Stopping the importing and exporting of a certain product or serviceembargo
The difference between a country's total exports and total imports of goodsbalance of trade
A tax that a government places on a certain imported productstariff
The difference between a country's total payments to other countries and its total receipts from other countriesbalance of payments
The business activites necessary for creating, shipping, and selling goods and services across national bordersinternational business
A business that supplies a service or product vital to all people; the price charged for the product or service is determined by government regulation rather than by competition.public utility
Business transactions involving companies that do business only in one state.intrastate commerce
Government income.revenue
Laws designed to promote competition and fairness and to prevent monopoliesantitrust laws
Protection of the work of authors, composers, and artists.copyright
An agreement to exchange goods or services for something of valuecontract
The exclusive right given to a person to make, use, or sell an invention for a specific amount of years.patent
Business transactions involving companies in more than one state.interstate commerce
A word, letter, or symbol associated with a specific product or companytrademark
A business that has complete control of the market for a product or service.monopoly
Principles of morality or rules of conductethics
The obligation of a business to contribute to the well-being of a communitysocial responsibility
Rules about how businesses and their employees ought to behavebusiness ethics
A natural resource, such as gas, coal, copper, and iron ore, that cannot be replaced once it is used upnon-renewable resource
A statement of values and rules that guides the behavior of employees or members of an organizationcode of ethics

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