Across
- 5. Difference between the amount of money that goes into a country and the amount that goes out of it
- 8. Commercial exchange between nations with no restrictive regulations
- 9. The process by which the world economy is becoming a single interdependent system
- 10. Limits on the quantity of a product that me imported or exported within a given period
- 12. When nations possess unique resources/capabilities that they then share back and forth
- 14. Any restriction to free trade
- 16. Items bought from other countries
- 17. Nations import more than they export
Down
- 1. Nations export more than they import
- 2. Advantage when a country can produce a good at a lower cost than other countries
- 3. Making, buying, and selling of goods & services within a country
- 4. Business activities needed for creating, shipping, and selling goods & services across national borders
- 6. Complete ban of all exports or imports of a product
- 7. Difference between a country’s total exports and total imports
- 11. Advantage whhen a country specializs in a good they can most efficiently produce
- 13. Tax placed on certain imported product
- 15. Goods and services sold to other countries