unit 10

advantage

• excess of imports over exports

• beneficial condition

• company which owns a subsidiary

• without government restrictions regulating trade

Labor pool

• Group of workers

• Worldwide

• Limit

• Labor specialization

Free market

• without government restrictions regulating trade

• foreign

• a company with a worldwide management and production philosophy

• excess of imports over exports

Division of labor

• labor specialization

• below cost foreign sale

• tariff based on value

• circulating money

overseas

• foreign

• home

• limit

• convert

domestic

• home

• cost plus insurance plus freight

• branch company

• duty or tax

floating rate

• money value not determined by gold or fixed standard

• money given to cover losses and assist nonprofit enterprises

• trade restrictions to benefit domestic producers

• supply and demand

subsidy

• money given to cover losses and assist nonprofit enterprises

• the dollar in the U.S , the yen in Japan

• cost plus insurance plus freight

• below cost foreign sale

protectionism

• trade restrictions to benefit domestic producers

• tariff based on value

• worldwide

dumping

• below cost foreign sale

• labor specialization

• branch company

• unit or item tax