Module 3 Crossword
Across
- 3. when a country has an absolute advantage in more than 1 good/service and must decide which to produce (lowest opportunity cost)
- 6. transportation, communication, and utility systems
- 9. Allows two or more companies to share raw materials, shipping facilities, management activities, or production activities
- 12. making, buying, selling of goods and services within a country
- 13. accepted behaviors, customs, and values
- 14. an official ban on trade or other commercial activity with a particular country.
- 15. goods coming IN
- 16. natural resources
- 17. goods EXITing (sold)
Down
- 1. selling the right to use some intangible property for a fee or royalty.
- 2. tax levied on imports of merchandise goods
- 4. a country can produce a good/service at a lower cost than another
- 5. right to use a company name or business process
- 7. value of a currency in one country compared to another
- 8. difference between a country’s exports and imports
- 10. the limited number or quantity which is officially allowed
- 11. trade among nations