Chapter 9 Vocab

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Across
  1. 5. a milder embargo that bans specific business activities with a foreign country
  2. 11. a situation in which a country is importing more than they're exporting
  3. 17. created to help promote economic cooperation and help countries facing difficulties with trade deficits and debt
  4. 18. a foreign market way of entry where you sell the rights to 1 piece of the business for someone else to use
  5. 19. created in 1995, it has 166+ members and it functions to settle trade disputes
Down
  1. 1. the United States, Mexico, and Canada trade deal/agreement
  2. 2. items bought or shipped in from other countries
  3. 3. when a country has an advantage in more than one area, and choose the one with more opportunity cost
  4. 4. when a country can produce a good more efficiently than anywhere else in the world
  5. 6. a situation in which a country is exporting more than they're importing
  6. 7. business activities that occur outside of your own borders
  7. 8. a complete stoppage of all importing/exporting activity
  8. 9. offloading goods in a foreign market at a significantly reduced price compared to home
  9. 10. items sold or shipped out to other countries
  10. 12. the value of one currency in comparison to another country currency
  11. 13. a quanity limit on import/export activity
  12. 14. a foreign market way of entry where you sell the rights to your entire business model for new location opening
  13. 15. types of business activities that occur within your own borders
  14. 16. a tax on imports paid by the importer