Globalization

3. an organization that drastically increased the price of oil in the 1970's
5. similar products or a substitue of a specific good or product
9. improves productivity from labor
10. punishments from one country to another because it threatens trade
11. policies regarding foreigners in the U.S.
14. eliminates all tariffs an other trade barriers between Canada, Mexico, and the U.S. by 2009
15. trade balance among different nations is close to equal
16. trade throughout the whole world
17. the value of a foreign nation's currency in terms of the home nation's currency
19. trade balance among different nations is disproportionate
22. raises money on the financial markets and accepts contributions from the wealthier member nations
23. a nation's goods or services produced in a given year
24. a regional trade organization made up of fifteen European nations
25. association of south east Asian nations
26. the goods a nation distributes to other countries and nations

1. the ability of one person or nation to produce a particular good at a lower cost than another person or nation
2. finding someone else to do business that is not in that persons area of expertise
4. refusal to trade with a country or nation
6. developed to stabilize international exchange rates
7. taxes on imported goods
8. a limit or time schedule of a product or service
12. the goods a nation receives from other countries and nations
13. the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person
18. the products or goods people consume or use
20. the result of a nation exporting more than it imports
21. the result of a country importing more than it exports
22. established to negotiate new trade agreements, and to resolve trade disputes (1995)