International Econ

3. What is the increasing interconnectedness of economies, trade, and cultures across countries?
5. What curve shows the maximum combinations of two goods an economy can produce?
8. What is a tax placed on imported goods called?
9. What is the exchange of goods and services between countries called?
11. What is it called when imports are greater than exports?
12. What are goods sold to other countries called?
13. What are goods bought from other countries called?

1. What is the ability to produce more of a good using the same resources?
2. What is the ability to produce a good at a lower opportunity cost than another country?
4. What is given up when choosing to produce one good over another?
6. What is using resources to maximize output called?
7. What is it called when a country focuses on producing goods it can make most efficiently?
10. What is it called when exports are greater than imports?