Across
- 2. The process of buying goods or services from other countries.
- 4. An agreement between neighbouring countries to eliminate tariffs and trade barriers.
- 6. The process of selling goods or services to other countries.
- 7. The exchange of goods between two or more countries.
- 10. The official medium of exchange in a country.
- 11. The act of exchanging goods or services directly without using money.
- 14. When a nation focuses its labour, resources, and capital on the production of a good or service that they are experts in.
- 15. The difference between a country's exports and imports of goods.
- 16. A quantity limit on how many imports can enter the country.
- 17. It occurs when a country imports more goods than it exports.
Down
- 1. The exchange of goods and services within a single country's political and geographical boundaries.
- 3. A tax on imported or exported goods.
- 5. A formal agreement between two or more countries to facilitate trade by reducing or eliminating tariffs and other trade barriers.
- 8. It occurs when a country exports more goods than it imports.
- 9. The things that people do—for example, banking, communications, and health care.
- 12. A trade route connecting the East and West, facilitating cultural and economic exchange.
- 13. The objects that people grow or manufacture, for example, food, clothes, and computers.