BBB4M - Chapter 1: What is Trade Review

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Across
  1. 2. Organizations like Walmart or Apple that operate in multiple countries (abbr.)
  2. 4. deficit When imports exceed exports.
  3. 9. When a country exports more than it imports
  4. 11. The idea that countries should focus on producing what they do best.
  5. 12. Taxes placed on imported goods
Down
  1. 1. rate at which one currency will be exchanged for another currency.
  2. 3. an intergovernmental organization that regulates and facilitates international trade.
  3. 5. Goods or services sold to another country.
  4. 6. The global interconnection of economies and cultures.
  5. 7. he economic policy of restricting imports from other countries
  6. 8. Restriction on the amount of a product that can enter a country.
  7. 10. treaty is an agreement according to international law to form an agreement between the cooperating states