Trade

2. Policies aimed at shielding domestic industries from foreign competition.
3. The positive outcomes resulting from international trade.
6. The exchange of goods and services between countries.
11. The term for the benefits of international trade.
12. Taxes imposed on imported goods.
14. When a country imports more than it exports.
16. Focusing on producing goods and services that a country can produce most efficiently.
18. When a country exports more than it imports.
19. The sale of goods to another country.

1. The process of increasing interconnectedness and interdependence among countries.
4. Limits on the quantity of goods that can be imported.
5. A negative aspect of international trade that might arise due to increased competition.
7. Maximizing output with minimal input.
8. The difference between a country's exports and imports.
9. Goods brought into a country.
10. Advantage A theory that explains the benefits of international trade based on the differences in opportunity costs between countries.
13. Type of trade where there are no restrictions on imports and exports.
14. Selling goods in another country at a price below production costs.
15. Obstacles or hindrances to free trade.
17. The process of bringing goods into a country for sale.