Across
- 6. When a country has an advantage over another in a specific aspect of trade.
- 10. When a country has an overall advantage over another.
- 11. a total ban on items of trade.
- 13. the cost of what was given up by choosing something else
- 15. When a country specializes in specific products and produces them.
- 18. Refers to the effect that countries have on one another.
- 22. Hiring from foreign countries.
- 23. restrictions on trade.
- 24. Currency a currency that is likely to bring in more exports than important.
- 25. what one gains from trade.
Down
- 1. locating ones company out of the country to lower production costs.
- 2. goods and services brought into a country
- 3. a maximum value on imports.
- 4. a currency that is likely to bring in more imports than exports.
- 5. a tax on imports.
- 7. where both arties want to trade and will benefit.
- 8. The cost of participating in the market
- 9. The group responsible for regulating trade in 100 European countries.
- 12. Buying more than you sell
- 14. Using products and resources from all over the world.
- 16. An agreement between parties on trade.
- 17. The relative value of a nation's currency to another.
- 19. Selling more than you buy
- 20. goods and services taken out of a country
- 21. A group responsible for regulating world trade.