Globalization

1. A type of trade barrier where specific imports have a tax placed on them
4. Mutual reliance of countries on each other's economies through trade
6. Goods coming into a country
9. A type of trade barrier where a limit is placed on how much a good can be bought from another country
10. An economic principle where an individual, company, or country can produce a good or service at a lower opportunity cost than another producer

1. A government regulation preventing free trade between countries
2. A type of trade barrier where trade with a specific country is restricted typically as punishment
3. an economic policy allowing goods and services to flow between countries without
5. Goods going out of a country
7. an economic pact that eliminated most trade barriers between Canada, Mexico, and the United States
8. Organization of the Petroleum Exporting Countries, an intergovernmental organization that coordinates and unifies petroleum policies among member countries