Test Module VII

Trade between buyers in one country and sellers in other countries

An amount that is taken off the normal selling price of a product

A group of countries that agree to trade with each other on favorable terms

An amount that must be paid when particular goods are imported into a country , or something when they are exported

A limit on the amount of a particular good that may be imported into a country during a given period of time.

A set of restrictions imposed by a government on buying and selling foreign currencies

Trade between countries with few government restrictions

The level of material comfort and wealth that a person or community has

A situation where a country exports more goods than it imports

Goods, as opposed to services, that are sold to other countries

The transport of goods by sea or air

An item, a service, an idea that is brought into one country from another

An international organization that promotes trade in goods and services between nations

The process of trying to reach an agreement through discussion

An agreement, usually written and signed by those making it

Something done in a society because of tradition

The central bank, controlled by the United Nations, that lends money to member state.

The amount by which the value of a country's imports is greater than the value of its exports

An arrangement between countries to follow certain rules on pricing, import duties, etc. when buying from or selling to each other

A small amount of money (in addition to the normal charge) to a waiter, taxi-driver, etc. to thank him/her