International Trade KL

2. ___ are products or services bought from other countries.
5. ___ is foreign trade with no restrictions.
7. ___ allows countries to exchange products and services they cannot produce.
10. Trade policies can be free or ___, depending on the conditions and ideology of the countries involved.
13. ___ are imposed by some countries in order to protect domestic economy.
14. Raw material or agricultural products to be bought and sold.

1. ___ cost advantage lets a country decide if it is a good deal to import a product in the case of no trade restrictions from that other country.
3. ___ barriers are restrictions in the quantities and type of imported products, in order to protect local economy.
4. ___ is another name for foreign/international trade.
6. A ___ is when there in an excess in the production of a product, which cannot always be sold domestically.
8. ___ are products or services sold to other countries.
9. Quality of production or service may be ___ because a country does not have the necessary conditions to provide them.
11. ___ are extra costs (taxes and duties) imposed on exports with the purpose of protecting national economy.
12. Producers may have to deal with ___ for better quality in case they don't have the appropriate conditions.