Competing in the Global Marketplace

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Across
  1. 6. Goods and services that are bought from other countries.
  2. 7. Goods and services produced in one country and sold to other countries.
  3. 9. A total ban on imports or exports of a product.
  4. 10. The basic institutions and public facilities upon which an economy’s development depends.
  5. 11. A tax imposed on imported goods.
  6. 12. The policy of permitting the people and businesses of a country to buy and sell where they please without restrictions.
  7. 14. A favorable balance of trade that occurs when a country exports more than it imports
  8. 15. 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.
  9. 17. A lowering of the value of a nation’s currency relative to other currencies.
Down
  1. 1. The policy of protecting home industries from outside competition by establishing artificial barriers such as tariffs and quotas
  2. 2. Sending work functions to another country, resulting in domestic workers losing their jobs
  3. 3. Trade agreement between Peru, Brazil, Argentina, Uruguay, and Paraguay.
  4. 4. A sense of national consciousness that boosts the culture and interests of one country over those of all other countries
  5. 5. 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 of a royalty.
  6. 8. An unfavorable balance of trade that occurs when a country imports more than it exports.
  7. 13. The practice of selling domestically produced goods to buyers in another country.
  8. 16. The practice of charging a lower price for a product in foreign markets than in the firm’s home market.