International Economics Vocabulary

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Presentation transcript:

International Economics Vocabulary Use the textbook and the glossary in the green JA book to complete Absolute advantage Financial Intermediary Comparative advantage Interest Balance of trade Credit (find in JA Book Glossary) Balance of payments Insurance Barriers to trade Risk Tariffs Investment Quotas Rate of Return (JA Book Glossary) Embargo Mutual Fund Exchange rate Progressive taxes Export Subsidies Regressive taxes Currency Proportional taxes Free-trade association

Personal Finance Vocabulary *Financial Intermediary *Credit (find in JA Book Glossary ) *Interest *Insurance – promise for repayment in the event of catastrophic event – protects against loss *Risk *Investment - money you pay into a business with the expectation (not guarantee) of future rewards *Rate of Return (JA Book Glossary) *Mutual Fund *Progressive taxes *Regressive taxes *Proportional taxes