Globalization

2. refusal to trade with a country or nation
6. finding someone else to do business that is not in that persons area of expertise
8. the result of a country importing more than it exports
10. the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person
17. association of south east Asian nations
19. trade throughout the whole world
21. a nation's goods or services produced in a given year
23. trade balance among different nations is close to equal
26. policies regarding foreigners in the U.S.

1. similar products or a substitue of a specific good or product
3. the ability of one person or nation to produce a particular good at a lower cost than another person or nation
4. taxes on imported goods
5. a limit or time schedule of a product or service
7. eliminates all tariffs an other trade barriers between Canada, Mexico, and the U.S. by 2009
9. an organization that drastically increased the price of oil in the 1970's
11. the products or goods people consume or use
12. the result of a nation exporting more than it imports
13. improves productivity from labor
14. trade balance among different nations is disproportionate
15. a regional trade organization made up of fifteen European nations
16. the value of a foreign nation's currency in terms of the home nation's currency
18. raises money on the financial markets and accepts contributions from the wealthier member nations
20. the goods a nation distributes to other countries and nations
22. established to negotiate new trade agreements, and to resolve trade disputes (1995)
24. punishments from one country to another because it threatens trade
25. the goods a nation receives from other countries and nations
27. developed to stabilize international exchange rates