Across
- 2. Extra tax on imported goods
- 5. When a government restricts imports in order to protect domestic industries
- 6. When a country can produce something cheaper than any other country
- 7. Goods/services sold to other countries
- 8. Goods/services purchased from other countries
- 10. The exchange of goods and services among nations
- 11. Limits either the quantity or monetary value of imported products
- 12. Total ban on goods going into or out of another country
Down
- 1. More & better things can be produced when people become experts at doing one thing
- 3. - Importing more than you export
- 4. When countries have more than one absolute advantage and have to decide which to produce
- 9. - The difference in value between imports and exports