Chapter 10 Vocab

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1.
buying and selling goods/services within a country
2.
all the business activities necessary for creating, shipping, and selling goods/services across national borders
3.
thhings we buy from other countries
4.
Goods and services we sell to other countries
5.
The value of currency in one country compared with the value in another country
6.
restrictions to trade between countries
7.
limit on the quantity of a product that may be imported/exported within a time frame
8.
tax that government places on certain imported products
9.
stop the import/export of a product completely
10.
government sets rules on what comes in our country
11.
difference between a country's total exports and total imports
12.
exports>imports
13.
imports>exports
14.
the amount a country owes to another country
15.
difference between the amount of money that comes into a country and goes out
16.
an organization that conducts business in several countries
17.
the country where the parent company is
18.
the country where other divisions of parent company are located
19.
uses a standardized product and marketing strategy worldwide
20.
treats eac national market differently