Economics M2L4 Vocabulary

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Across
  1. 6. when a country focuses on creating the goods and services it can provide at a lower cost than other countries
  2. 7. countries with high poverty levels that are not industrial
  3. 8. to buy goods from another country
  4. 9. hiring a person or company outside of your own business to provide a good or service for your business to lower costs
  5. 10. a bank that provides financial assistance to less developed countries.
  6. 13. The global exchange of products, services, and ideas around the world.
  7. 14. industrialized countries with a strong economy
  8. 15. trade between countries without any restrictions from the government
  9. 17. limit on the amount of a specific good the government allows to be imported
  10. 18. to sell goods to another country
Down
  1. 1. when a country's exports are greater than imports
  2. 2. basic rights and freedoms that all humans have just because they are human
  3. 3. a tax on imported goods
  4. 4. the exchange of goods and services between different countries
  5. 5. a government order to stop trade on specific goods
  6. 11. The North American Free Trade Agreement is an agreement between the Us, Canada, and Mexico that includes free trade,including no tariffs on imports.
  7. 12. A group organized as a result of World War II to help countries deal with future conflicts.
  8. 16. a government order to stop trade with another country