Globalization

1. Goods and services manufactured in one country and sold in a different country.
4. A government regulation, or tax that restricts the free exchange of goods and services, especially across national borders.
5. Tax on goods that are imported from a target nation.
6. The ability of a party to produce a good or service at a lower opportunity cost than others.
8. Goods and services brought in from another country.
11. One country's economic decisions can affect other nations' economies.
14. Limit or restriction on how many(amount) of a good can be imported into a country.
15. group of 32 countries from Europe and North America that exists to protect the people and territory of its members.

2. U.S. protecting American made goods by increasing tariffs.
3. International trade that removes all trade barriers between countries.
7. A unique economic and political union between 27 European countries.
9. Cartel that controls the global oil supply.
10. International organization dealing with the rules of trade between nations.
12. A law that forbids trading with another country, typically as a punishment for bad behavior.
13. Free trade agreement made in 1994 between the US, Canada, and Mexico.