Ch. 3 Business in the Global Economy

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Across
  1. 3. a tax that a government places on certain imported products
  2. 6. the result of a country sending more money out than it brings in
  3. 11. difference between the amount of money that comes into a country and the amount that goes out of it
  4. 15. an agreement between two or more companies to share a business project
  5. 17. a situation in which a country specializes in the production of a good or service at which it is relatively more efficient
  6. 20. treats each country market differently
  7. 24. also known as a common market
  8. 25. a government set limit on the quantity of a product that may be imported or exported within a given period
  9. 26. occurs when a nation receives more money in a year than it pays out
  10. 27. if a country imports more than it exports
  11. 28. making, buying, and selling of goods and services within a country
  12. 29. member countries agree to remove duties, also called import taxes, and trade barriers on products traded among them
  13. 30. if a country exports (sells) more than it imports (buys)
Down
  1. 1. exists when a country can produce a good or service at a lower cost than other countries
  2. 2. restrictions to free trade
  3. 4. goods and services sold to other countries
  4. 5. an organization that does business in several countries
  5. 7. an action imposed by the government to stop the export or import of a product completely
  6. 8. the right to use a company name or business process in a specific way
  7. 9. the value of a currency in once country compared with the value in another
  8. 10. cost of using someone else's money
  9. 12. a selected area where products can be imported duty free and then stored, assembled, and/or used in manufacturing
  10. 13. process of exchanging one currency for another
  11. 14. difference between a country's total exports and total imports
  12. 16. uses the same product and marketing strategy worldwide
  13. 17. accepted behaviors, customs, and values of a society
  14. 18. members do away with duties and other trade barriers
  15. 19. refers to business activities needed for creating, shipping, and selling goods and services across national borders
  16. 21. items bought from other countries
  17. 22. selling the right to use some intangible property for a fee or royalty
  18. 23. refers to a nation's transportation, communication, and utility systems