Chapter 17 Terms

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Across
  1. 4. a succession of trade barriers between nations.
  2. 6. goods/services produced in one country then purchased by another.
  3. 7. what countries gain when they produce items that are most efficient and cheaper.
  4. 9. when one trading nation makes a product more efficiently.
  5. 10. producers depend on other nations.
  6. 11. sale of a product in another country at a proce lower than its charged at the home market.
  7. 12. taxes on imported goods to protect domestic goods.
  8. 13. taxes on imports to raise money.
  9. 15. any law passed to limit free trade among nations.
  10. 16. limits on the amount of a product that can be imported.
  11. 17. new industries that are often unable to compete against larger competitors.
  12. 18. a fee charged for goods brought into a country from another country.
Down
  1. 1. goods/services produced in one country then sold to other countries.
  2. 2. a nations will specialize in what it can produce at a lower cost.
  3. 3. the use of trade barriers between nations to protect domestic industries.
  4. 5. When idividuals produce a narrow range of products.
  5. 8. limits on an export to avoid a quota or tariff.
  6. 14. a law that cuts off most or all trade with a certain country.