Answer:
Visual Studio: A program created by Microsoft used by developers to code and design programs in many different computer languages. The current public version is Visual Studio 2010 (FREE in Express edition) and the current BETA version for Windows 8 is Visual Studio 2011 (Only available to Microsoft developers as of 9/20/2011)
Visual Basic: One of the available languages to program in for PC developers. Visual Basic is a very high-level language and is sometimes referred to as VB or VB.NET... this is my personal favorite language