Across
- 2. a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction.
- 5. a consequence of specialization or the division of labor. The participants in any economic system must be part of a trading network to obtain the products they cannot produce efficiently for themselves.
- 8. is a proposed free trade agreement linking the United States and 11 other Pacific Rim economies.
- 9. a government-imposed trade restriction that limits the number, or monetary value, of goods that can be imported or exported during a particular time period.
- 11. A government imposed restriction on the free international exchange of goods or services.
- 12. the economic policy of restraining trade between states (countries) through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations.
Down
- 1. a kind of predatory pricing
- 3. commercial and financial penalties applied by one or more countries against a targeted country, group, or individual.
- 4. a method of production where a business, area or economy focuses on the production of a limited scope of products or services to gain greater degrees of productive efficiency within an overall system.
- 6. is a government order that restricts commerce or exchange with a specified country or the exchange of specific goods.
- 7. Dividing a job into many specialized parts, with a single worker or a few workers assigned to each part.
- 10. is an agreement among the United States, Canada and Mexico designed to remove tariff barriers between the three countries.
- 11. tax imposed on imported goods and services