Ch. 5 Review

Goods, services, and capital brought into a country from outside its borders is called:

If you have a negative balance of trade (exports vs. imports) it means:

A limit on the amount of product imported into a country during a specific amount of time is called:

A government order that prohibits trade with a foreign country is called:

Goods, services, and capital produced in a country and sold outside of its borders is called:

When a country exports more than it imports it is called:

Embargoes that affect only certain goods are called:

A business that offers the right to sell a company's goods or services in a specific area is called:

This exists when a country can produce goods and services more efficiently and at a lower cost than another country is called:

The cost to convert one currency into another is called: