Vocabulary Quiz 4 Flashcards Preview

English for Business Studies Vocabulary > Vocabulary Quiz 4 > Flashcards

Flashcards in Vocabulary Quiz 4 Deck (18):

free trade (n.)

trading between countries without any special government taxes


trade barriers (n.)

government policies that make international trade difficult or expensive


tariff (n.)

a tax on products coming into or leaving a country


quota (n.)

a limit on the amount of things or people allowed somewhere

(e.g., import/export quotas; The agency imposes strict fishing quotas; He lost his driver's license because he passed the quota of traffic violations.)


infant industry (n.)

a company that is just beginning and cannot survive competition from foreign companies


strategic industry (n.)

a company that is important to a country's economy


copyright (n.)

the legal right to be the only one to sell a book, musical recording, movie, etc. for a period of time

(e.g., The book is under copyright. His family still holds the copyright to his songs.)


dumping (n.)

getting rid of unwanted products by selling them to other countries for very cheap


subsidize (v.)

to help someone pay for the costs of something

(e.g., The state subsidizes housing for low-income families.; The company subsidizes health insurance for its employees.)


trademark (n.)

the legal right to be the only one to use a particular logo or name

(e.g., "Nike" is a registered trademark; other companies are not allowed to sell products with the Nike symbol on it.)


rocketed (v.)

rose a lot

(e.g., Sales rocketed from 1,000 unit last week to 5,000 units this week.)


stocks crashed (v.)

the stock fell a lot

(e.g., They lost thousands of dollars when the stock market crashed.)


revive (v.)

to make strong or healthy again

(e.g., The doctors were trying to revive the patient. The water revived the dying flowers. The company's shares revived.)


slip (v.)

to move into a lower or worse condition

(e.g., The stock market has slipped to its lowest level in a month.; My test scores slipped this year.; I can't believe he beat me. I must be slipping.)


plummet (v.)

to fall suddenly

(e.g., The car plummeted to the bottom of the canyon. Stock prices plummeted 40 percent during the scandal.)


bailout (v.)

the act of saving a business from money problems

(e.g., Some people feel that government bailouts of struggling corporations is bad.)


sanction (v.)

when a government doesn't allow trades with a specific country or stops giving aid to a country in order to force the country to obey international laws

(e.g., The United Nations has decided to impose trade/economic sanctions on the country.; Sanctions against the country have been lifted.)


patent (n.)

the legal right to be the only company to sell an invention for a certain period of time

(e.g., Apple holds a patent on iphones. She applied for patents for several of her inventions.)