Globalization

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Across
  1. 3. An order of a government prohibiting the movement of merchant ships into or out of its ports.
  2. 8. surplus Amount exports exceed imports: the difference, measured in monetary value, between a nation's imports and its exports when the exports exceed the imports
  3. 9. trade Economic transactions that are made between countries.
  4. 12. rate The ratio at which a unit of the currency of one country can be exchanged for that of another country.
  5. 13. An organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil-exporting policies and set prices.
  6. 14. A direct pecuniary aid furnished by a government to a private industrial undertaking, a charity organization, or the like.
  7. 17. An official list or table showing the duties or customs imposed by a government on imports or exports.
  8. 20. Association of Southeast Asian Nations.
  9. 22. To ship (commodities) to other countries or places for sale, exchange, etc.
  10. 23. The share or proportional part of a total that is required from, or is due or belongs to, a particular district, state, person, group, etc.
  11. 24. trade balance Trade surplus
  12. 26. Commerce: World Trade Organization
  13. 27. bank U.N. bank: a specialized agency of the United Nations, established in 1944, that guarantees loans to member nations for the purpose of reconstruction and development.
Down
  1. 1. policy A policy pursued by a nation in its dealings with other nations, designed to achieve national objectives.
  2. 2. advantage The ability of an individual or group to carry out an economic activity, such as production, at a lower cost and more efficiently than another entity
  3. 4. U.S. trade agreement: a free trade agreement signed between the United States and Canada in 1989, and extended to include Mexico in 1994.
  4. 5. Authoritative permission or approval, as for an action.
  5. 6. trade balance Trade deficit
  6. 7. (Of a company or organization) to purchase (goods) or subcontract (services) from an outside supplier or source.
  7. 10. A source of supply, support, or aid, especially one that can be readily drawn upon when needed.
  8. 11. advantage A business situation in which a provider of goods or services is more profitable or efficient than all of its competitors, by having a smaller total input per unit of output business
  9. 15. The act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life.
  10. 16. An international organization that promotes the stabilization of the world's currencies and maintains a monetary pool from which member nations can draw in order to correct a deficit in their balance of payments:
  11. 18. To bring in (merchandise, commodities, workers, etc.) from a foreign country for use, sale processing, reexport, or services.
  12. 19. Gross domestic product
  13. 21. Chemical elements: europium
  14. 25. deficit Difference between imports and exports: the difference, measured in monetary value, between a nation's imports and its exports when the imports exceed the exports