Across
- 3. Advantage All countries in the world have to rely on other nations to produce a good or service that they need and do not make themselves
- 5. A limit or restriction on how many of a good can be imported into a country
- 8. a good or service brought in from another country
- 9. Economic decisions of one country can affect the economies of other nations
- 12. A cartel that controls the global oil supply
- 13. A free trade agreement made in 1994 between the US, Canada, and Mexico
- 14. Advantage The ability of a party to produce a good or service at a lower opportunity cost than others
- 15. Trade international trade that removes all trade barriers between countries
Down
- 1. The process of interaction and integration among people, companies, and governments worldwide
- 2. Regulates and facilitates international trade
- 4. US protecting American made goods by increasing tarifs
- 6. a good and service manufactured in one country and sold in a different country
- 7. Barrier A government regulation, or tax that restricts the free exchanges of goods and services, especially across national borders.
- 10. A law that forbids trading with another country, usually done as a punishment
- 11. A tax on goods that are imported from a target nation