Across
- 6. a system of exchange used in a particular country/area
- 8. producing goods w/ fewer inputs than others
- 11. permanently banning trade with a country
- 13. requirements that are to be met before a good can be imported
- 15. exporting more than importing
- 16. countries that trade w/ each other & limit trade w/ others
Down
- 1. importing more than exporting
- 2. raising the price of goods from other countries
- 3. how much a country's currency is worth compared to others
- 4. when a currency's value increases
- 5. limiting what goods & how much of them are allowed from a specific country
- 7. country's total exports minus total imports
- 9. when a currency's value decreases
- 10. advantage producing goods at a lower opportunity cost
- 12. trading internationally w/o the government interfering
- 14. money from government to a business so it remains competitive