Globalization Vocabulary
Across
- 2. Organization of independent European nations with no trade barriers among the nations; use the
- 4. Measure such as withholding economic aid used to influence a foreign government’s actions
- 6. a country whose average per capita income is only a fraction of that in more industrialized countries
- 10. An international body that oversees trade among nation
- 14. To sell goods to other countries
- 15. A good purchased from one country by another
- 16. Situation in which government spends more than it collects in revenues
Down
- 1. An international organization that offers financial and technical assistance to developing countries
- 3. The ability of a country to produce a good at a lower opportunity cost than another country can
- 5. government restrictions on the amounts of goods imported into a country
- 7. Situation in which nation’s exports are greater than its imports
- 8. When businesses or nations concentrate on goods they can produce better than anyone else
- 9. An agreement among a group of nations that prohibits them all from trading with a target nation
- 11. a tax on an imported good
- 12. Trade agreement to eliminate all barriers to trade among Canada, the US and Mexico
- 13. International organization that works to foster global growth and economic stability;