Question: Please help, no need to explain anything, just need to match the right and left side These are short parts of one question, please do
Please help, no need to explain anything, just need to match the right and left side These are short parts of one question, please do not miss anything and you will get a thumb up :) 




Match the terms with the right definitions. absolute advantage [ ] The situation when a country can produce and sell a product at a lower cost than any other country or when it is the only country that can provide the product. A form of international trade in which part or all of the payment for goods or services is in the form of other goods and services A summary of a country's international financial transactions showing the difference between the country's total payments to and its total receipts from other countries. Government rules that give special privileges domestic manufacturers and retailers The practice in which a foreign firm manufactures private-label goods under a domestic firm's brand name The difference between the value of a country's exports and the value of its imports during a specific time. ( ) balance of payments balance of trade buy-national regulations [ ] contract manufacturing | ) countertrade [ ) Match the terms with the right definitions. devaluation direct foreign investment ( ) Trade agreement among 28 European nations A total ban on imports or exports of a product A lowering of the value of a nation's currency relative to other currencies Laws that require a company earning foreign exchange (foreign currency) from its exports to sell the foreign exchange to a control agency, such as a central bank The practice of charging a lower price for a product in foreign markets than in the firm's home market Active ownership of a foreign company or of manufacturing or marketing facilities in a foreign country dumping embargo [ ] European Union [ ] exchange controls [ ) ] Match the terms with the right definitions. floating exchange rates free-trade zone [ ) An area where the nations allow free, or almost free, trade among each other while imposing tariffs on goods of nations outside the zone A system in which prices of currencies move up and down based upon the demand for and supply of the various currencies An agreement in which a domestic firm buys part of a foreign firm or joins with a foreign firm to create a new entity Informal group that brings together 19 countries and the European Union-the 20 leading economies in the world A limit on the quantity of a certain good that can be imported The legal process whereby a firm agrees to allow another firm to use a manufacturing process, trademark, patent, trade secret, or other proprietary knowledge in exchange for the payment G20 import quota [ ) joint venture ( ) licensing [ ] Match the terms with the right definitions. outsourcing preferential tariff ( ] The concept that each country should specialize in the products that it can produce most readily and cheaply and trade those products for those that other countries can produce more A tariff that is lower for some nations than for others An organization established by the Uruguay Round in 1994 to oversee international trade, reduce trade barriers, and resolve disputes among member nations The policy of protecting home industries from outside competition by establishing artificial barriers such as tariffs and quotas Sending work functions to another country, resulting in domestic workers losing their jobs An unfavorable balance of trade that occurs when a country imports more than it exports principle of comparative advantage protectionism ] trade deficit ( ) World Trade Organization (WTO) ( ] Match the terms with the right definitions. acquisition board of directors [ ] A merger of companies in unrelated businesses; done to reduce risk. The purchase of a target company by another corporation or by an investor group typically negotiated with the target company board of directors A group of people elected by the stockholders to handle the overall management of a corporation, such as setting major corporate goals and policies, hiring corporate officers, and A legal entity with an existence and life separate from its owners, who are not personally liable for the entity's debts. A corporation is chartered by the state in which it is formed and can A legal entity typically formed by people with similar interests, such as suppliers or customers, to reduce costs and gain economic power. A cooperative has limited liability, an unlimited life A group of cooperative members who unite for combined purchasing power buyer cooperative conglomerate merger ( ) cooperative [ ] corporation [ )