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Business Chap. 10
Vocabulary words from Chap. 10
10
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Not Applicable
11/21/2005

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Term
Balance of payments
Definition
The difference between a country's total imports and total exports of goods.
Term
Balance of trade
Definition
The difference between a country's total exports and total imports of goods.
Term
Exchange rate
Definition
The value of the money of one country expressed in terms of the money of another country.
Term
Embargo
Definition
Stopping the importing or exporting of a certain product.
Term
Exports
Definition
Goods and services sold to another country.
Term
Imports
Definition
Goods and services bought from another country.
Term
International Business
Definition
The business activities necessary for creating, shipping, and selling goods and services across national borders.
Term
Multinational company or corporation
Definition
An organization that conducts business in several countries and has management prepared to do business worldwide.
Term
Quota
Definition
A limit on the quantity of a product that may be imported and exported within a given period of time.
Term
Tariff
Definition
A tax that a government places on certain imported products.
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