Across
- 5. Goods and services sold to other countries
- 10. Exchange of goods and services among nations
- 11. Type of advantage that occurs when a country has natural resources or talents that allow it to produce an item at the lowest cost possible
- 12. tax on imports
- 13. the basic physical and organizational structures and facilities needed for the operation of a society or enterprise
- 15. having or showing the capacity to become or develop into something in the future
- 16. Total ban on specific goods coming into and leaving a country
Down
- 1. coalition of nations that makes rules governing international trade
- 2. Commercial exchange between nations that is conducted on free market principles
- 3. Type of advantage that is the value that a nation gains by selling what it produces most efficiently
- 4. Goods and services purchased from other countries
- 6. Europe's trading bloc
- 7. limits either the quantity or the monetary value of a product that may be imported
- 8. government's establishment of economic policies that systematically restrict imports in order to protect domestic industries
- 9. Difference in value between exports and imports of a nation
- 14. international trade agreement among the United States, Canada, and Mexico