Term
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Definition
| interconnected economies of the nations of the world |
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Term
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Definition
| exchange of goods and services between nations |
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Term
| Multinational corporation |
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Definition
| a company that does business in many countries and has facilities and offices around the world |
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Term
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Definition
| Activity of buying and selling goods and services in domestic or international markets |
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Term
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Definition
| production, purchase, and sale of goods and services within a country |
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Term
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Definition
| exchange of goods and services across international boundaries |
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Term
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Definition
| goods and services that one country buys from another country |
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Term
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Definition
| goods and services that one country sells to another country |
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Term
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Definition
| ability of a country or company to produce a particular good more efficiently than another country or company |
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Term
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Definition
| the price at which one currency can buy another currency |
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Term
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Definition
| the practice of the government putting limits on foreign trade to protect businesses at home |
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Term
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Definition
| tax placed on imports to increase their price in the domestic market |
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Term
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Definition
| limit placed on the quantities of a product that can be imported |
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Term
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Definition
| a ban on the import or export of a product |
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Term
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Definition
| when there are few or no limits on trade between countries |
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Term
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Definition
| The difference between a country’s imports and exports over a period of time. |
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