1. 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

2. 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