Chapter 3 Flashcards
0
Q
balance of payments
A
difference between amount of money coming into a country and out
1
Q
balance of trade
A
the difference between a countries total number of exports and imports
2
Q
exchange rate
A
value of currency in one country compared with the value in another
3
Q
Factors that affect currency values
A
Balance of payments, economic conditions, political stability
4
Q
infrastructure
A
a nations transportation, communication and utility systems
5
Q
embargo
A
stop the export or import of a product completely
6
Q
tatiff
A
a tax the gov places on certain imported products
7
Q
quota
A
limits on the quantity of a product that may be imported or exported
8
Q
joint venture
A
agreement between two or more companies to share a business project
