Ch 4 vocab
Across
- 5. the action of modifying something to suit a particular individual or task
- 6. action of adapting
- 8. a fixed share of something that a person or group is entitled to recieve
- 9. commerical enterprise undertaken jiontly by two or more parties which otherwise retain their distinct identities
- 10. theroy or practice of shielding a countries domestic industriesfrom foreign competition by taxing imports
- 11. a very small country
- 13. send goods or services to another country for sale
- 14. action of buying or selling goods or services
- 16. official ban on trade or other commercial activity with a particular country
- 17. The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period
- 19. A foreign direct investment (FDI) refers to purchase of an asset in another country, such that it gives direct control to the purchaser over the asset
Down
- 1. trade between countries
- 2. including or involving many nations
- 3. the process by which businesses or other organizations develop international influence or start operating on an international scale
- 4. economic transactions made between countries
- 7. Free trade zone for mexico, the us, and canada
- 12. bringing goods or services into a country from abroad for sale
- 15. an economic and political association of European countries as a unit with internal free trade and common external tariffs
- 18. granting of an official license