Chapter 10: Business in a Global Economy
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9 Terms
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Imports
________ are goods and services that one country buys from another country.
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Exports
________ are goods and services that one country sells to another country.
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Protectionism
________ is the practice of the government putting limits on foreign trade to protect businesses at home.
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International trade
________ involves the exchange of goods and services between nations.
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Embargo
A(n) ________ is a ban on the import or export of a product.
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Multinational corporation
A(n) ________ is a company that does business in many countries and has facilities and offices around the world.
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World trade
________ is the exchange of goods and services across international boundaries.
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development of the global economy
The ________ is often referred to as globalization.
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multinational corporation
Sony is a(n) ________.