Business in the Global Economy

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Across
  1. 2. Occurs when a country sells more than it buys.
  2. 3. Occurs when a country buys more than it sells.
  3. 7. A limit on the quantity of a product that may be imported or exported.
  4. 8. Exists when a country specializes in the production of a good or service at which it is relatively more efficient.
  5. 10. Exists when a country can produce a good or service at a lower cost than other countries.
Down
  1. 1. items bought from other countries.
  2. 4. Items sold to other countries.
  3. 5. Completely prohibiting the import or export of a product.
  4. 6. The cost of using someone else's money.
  5. 9. A tax that a government places on certain imported products.