Business in a Borderless World

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Across
  1. 3. the sale of goods and services to foreign markets
  2. 8. buying, selling, and trading of goods and services across national boundaries
  3. 9. a prohibition on a trade in a particular product
  4. 10. a group of firms or nations that agree to act as a monopoly and compete with each other with a goal of generating comparative advantage
Down
  1. 1. the difference in value between a nation's exports and its imports
  2. 2. when a country specializes in products that it can supply more efficiently or at a lower cost than it can produce other items
  3. 4. the purchase of goods and services from foreign services
  4. 5. a tax levied by a nation on goods imported into the country
  5. 6. the ratio at which one nation's currency can be exchanged for another nation's currency
  6. 7. monopoly that exists when a country is the only source, producer, or the most efficient producer of an item