Chapter 6 - Global Econ Review

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Across
  1. 2. The ability of one country to produce a good more efficiently than another.
  2. 3. A county characterized by a high level of economic prosperity, technological advancement, and overall social well-being, such as the U.S. or Great Britain.
  3. 6. The increasing interconnectedness and interdependence of national economies through the movement of goods, services, capital, technology, and information across borders.
  4. 9. Goods sold to another country.
  5. 11. An organization that regulates and facilitates international trade. It serves as a forum for governments to negotiate trade agreements, resolve trade disputes, and monitor national trade policies.
  6. 12. ____________ degradation is a a negative consequence of globalization.
  7. 13. Policy of allowing consumers or producers to buy or sell goods
  8. 15. A trade agreement between the U.S., Canada, and Mexico.
  9. 17. Allows countries to donate to money pool and then borrow when they need to meet payments.
  10. 18. A low-income nation with significant structural obstacles hindering its development.
  11. 20. A tax on an imported good.
Down
  1. 1. A limit on the amount of foreign goods imported.
  2. 4. Goods, services, and people can move freely between these countries. Uses the Euro for currency.
  3. 5. The ability of one country to produce a good with less of an opportunity cost as compared to another country.
  4. 7. An economy which is changing from a centrally planned (government controlled) economy to a market economy.
  5. 8. The value of one currency for the purpose of conversion to another.
  6. 10. When a country focuses on only producing one (or a few) goods.
  7. 14. Policies which create barriers to foreign trade.
  8. 16. Oversees and organizes trade rules, settles trade disputes, and helps developing countries.
  9. 19. Goods bought from another country.