Across
- 2. An ____________ advantage is the ability to produce a specific product more efficiently than any other nation.
- 3. A ____________ corporation is a firm that operates on a worldwide scale without ties to any specific nation or region.
- 6. An _________ control is a restriction on the amount of a particular foreign currency that can be purchased or sold.
- 8. An import _________ is a limit on the amount of a particular good that may be imported into a county during a given period of time.
- 9. A nontariff ___________ is a nontax measure imposed by a government to favor domestic over foreign suppliers.
- 11. Currency ___________ is the reduction of the value of nation's currency relative to the currencies of other countries.
- 14. ______________ business encompasses all business activities that involve exchanges across national boundaries.
- 15. Purchasing raw materials or products in other nations and bringing them into one's own country.
- 16. A complete halt to trading with a particular nation or of a particular product.
Down
- 1. A nation's __________ of trade is the total value of its exports minus the total value of its imports over a specified period of time.
- 4. An arrangement in which one firm contracts manufacturing or other activities to a firm in another country that specializes in those activities and can offer them at a lower cost than the domestic firms.
- 5. A nation's balance of ___________ is the total flow of money into a county minus the total flow of money out of that country over a specified period of time.
- 7. A __________ advantage is the ability to produce a specific product more efficiently than any other product.
- 10. A trade _________ is a negative balance of trade.
- 11. Exportation of large quantities of a product at a price lower than that of the same product in the home market.
- 12. A tax levied on a particular foreign product entering a country.
- 13. Selling and shipping raw materials or products to other nations.