Across
- 3. The medium of exchange in this country is the peso
- 5. A fall in the price of currency
- 8. These exchange rates can change daily
- 10. This type of tariff is used to raise the cost of imported goods
- 13. __ exchange markets allow for currency conversions
- 14. This restricts the amount of a good that can be imported
- 16. This is producing and exporting a limited assortment of goods while maintaining profits
- 17. International Monetary Fund
- 18. When the value of goods coming in more than the value of goods going out
- 22. The price of one nation's currency in terms of another
- 24. This includes the U.S. and Central American countries
- 27. The __ of trade is the difference in value between exports and imports
- 28. Goods sold to other countries
Down
- 1. This type of advantage occurs when a country produces more output per unit than other countries
- 2. Medium of exchange for the U.S.
- 4. This has 147 member countries
- 6. Goods brought in from other countries
- 7. This type of tariff is used to raise $ for the govt.
- 8. This rate of exchange is used by governments to set value of money vs. others
- 9. These people argue for the use of trade restrictions
- 11. This percent of engineering/scientific instruments are sent from U.S. overseas
- 12. The medium of exchange for India
- 15. Taxes on imports
- 19. This involves 25 European countries
- 20. This type of advantage involves producing at a lower opportunity cost
- 21. Govt. ordered lowering a currency's value
- 23. Complete restriction of an import or export
- 25. This includes the U.S., Mexico, and Canada
- 26. The medium of exchange for Japan