International Trade

2. A group of countries that agree to reduce trade barriers and promote trade among members.
3. The relationship between one country's currency and another's.
7. A restriction on the amount of a product that can be imported.
11. Government-imposed trade barriers that increase the price of imported goods.
12. The cost of transporting goods, paying workers, and producing items.
13. The advantages of producing in larger quantities, reducing per-unit costs.

1. The organization that regulates international trade between countries.
4. The impact of government rules on business practices and international trade.
5. A benefit of international trade: increased ____, leading to better products and lower prices.
6. A government payment to help domestic industries compete.
8. A financial penalty or restriction on trade with a specific country.
9. The largest free trade agreement in the world, involving 15 Asian-Pacific nations.
10. A type of economy that relies on exporting and importing goods and services.