Across
- 3. Goods and services sold to other countries.
- 6. One entity (person, company, or country) can produce more of a good or service than another entity, using the same amount of resources, or with the same inputs.
- 10. A government order that restricts trade with a specific country.
- 12. A trade agreement between the U.S., Canada, and Mexico (abbreviation).
- 14. When countries rely on each other for goods and services.
Down
- 1. A limit on the amount of a product that can be imported.
- 2. U.S. laws and regulations that restrict the shipment, transmission, or transfer of certain sensitive goods, software, technology, and information to foreign countries.
- 4. An international organization that controls oil production and pricing (abbreviation).
- 5. Advantage The ability of a country to produce a good at a lower opportunity cost than another country.
- 7. A tax on imported goods.
- 8. Commercial and financial penalties, including trade restrictions and asset freezes, imposed by a government or organization against another government.
- 9. Goods and services bought from other countries.
- 11. Barrier Any restriction that slows or prevents trade between nations.
- 13. Trade Trade between countries without restrictions like tariffs or quotas.