POB 1.03 Vocab

the value of money of one country expressed in terms of the money of another country

an organization that conducts business in several countries

a nation's transportation, communication and utility system

goods and services sold to another country

A limit on the quantity of a product that is imported or exported within a given period

A tax that the government places on certain imported products

Stopping, or banning, the importing or exporting of a certain product or service

Government restrictions to reduce free trade

what is the difference between a country’s total exports and total imports of goods.

the difference between a country's total payments and it's total receipts from other countries.

an agreement between two or more companies from different countries to share a business project

goods and services bought from another country