Across
- 6. Goods and services that are bought from other countries.
- 7. Goods and services produced in one country and sold to other countries.
- 9. A total ban on imports or exports of a product.
- 10. The basic institutions and public facilities upon which an economy’s development depends.
- 11. A tax imposed on imported goods.
- 12. The policy of permitting the people and businesses of a country to buy and sell where they please without restrictions.
- 14. A favorable balance of trade that occurs when a country exports more than it imports
- 15. A form of international trade in which part or all of the payment for goods or services is in the form of other goods and services.
- 17. A lowering of the value of a nation’s currency relative to other currencies.
Down
- 1. The policy of protecting home industries from outside competition by establishing artificial barriers such as tariffs and quotas
- 2. Sending work functions to another country, resulting in domestic workers losing their jobs
- 3. Trade agreement between Peru, Brazil, Argentina, Uruguay, and Paraguay.
- 4. A sense of national consciousness that boosts the culture and interests of one country over those of all other countries
- 5. The legal process whereby a firm agrees to allow another firm to use a manufacturing process, trademark, patent, trade secret, or other proprietary knowledge in exchange for the payment of a royalty.
- 8. An unfavorable balance of trade that occurs when a country imports more than it exports.
- 13. The practice of selling domestically produced goods to buyers in another country.
- 16. The practice of charging a lower price for a product in foreign markets than in the firm’s home market.