Across
- 1. 1948 agreement that established an international forum for negotiating mutual reductions in trade restrictions.
- 3. states that a country should sell to other countries products it produces most and buy from countries that it cannot produce.
- 4. global strategy that allows a foreign company to produce its product in exchange for a fee.
- 6. a tax imposed on imports.
- 7. total value of a nation's exports compared to its imports over a particular period.
- 10. value of one nation's currency relative to the currencies of countries
- 13. favorable balance of trade
- 14. exists when a country has a monopoly on producing a specific product
- 16. buying products from another country.
- 17. lowering the value of a nation's currency
- 18. also called a trading bloc.
- 20. two or more companies join to undertake a major project.
Down
- 2. unfavorable transfer of trade
- 3. bartering
- 5. long-term partnership between two or more companies established to help each company build competitive market advantages.
- 8. selling products in a foreign country at lower prices than those charged in a producing country.
- 9. agreement that created a free-trade area among the U.S., Canada, and Mexico.
- 11. selling products to another country
- 12. difference between money coming into a country from exports and money coming into a country from imports
- 15. complete ban on the import or export of a certain product
- 19. movement of goods and services among nations without political or economic barriers