International Business/Global Marketplace

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Across
  1. 4. Officially “The International Bank for Reconstruction and Development
  2. 7. each country specializes MAKING the goods and services that they have a comparative advantage in making
  3. 10. A country exports more than it imports
  4. 11. The ceasing of exporting or importing of a product completely
  5. 12. A tax that a government places on certain imported products
  6. 14. Business activities needed for creating, shipping, and selling goods and services across national borders
  7. 16. the value of a currency in one country compared with the value in another
  8. 17. the difference between a country’s total exports and total imports
  9. 19. The difference between the amount of money that comes into a country and the amount that goes out of it
  10. 21. U.S. - Mexico - Canada Agreement
  11. 22. A country imports more than it exports
  12. 23. The making, buying, and selling of goods and services within a country
Down
  1. 1. Limits set on the quantity of product that can be imported or exported within a given period
  2. 2. a country’s ability to produce a good or service at a lower opportunity cost than another country in the same amount of time
  3. 3. Member countries agree to remove duties (import taxes) and trade barriers on products traded among them
  4. 5. Markets member countries do away with duties and other trade barriers
  5. 6. a country’s ability to produce more of a good or service than another country in the same amount of time
  6. 8. Created in 1995 to promote trade around the world
  7. 9. North American Free Trade Agreement
  8. 13. Promotes economic cooperation and Reduces the chance for trade wars
  9. 15. goods and services sold to other countries
  10. 18. goods and services bought from other countries
  11. 20. elected areas where products can be imported duty-free (no tax) and then stored, assembles, and/or used in manufacturing