Voluntary Trade in Latin America

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Across
  1. 4. An agreement between the U.S., Canada, and Mexico to open trade between the countries.
  2. 7. This occurs when a country focuses its resources on the production of a limited variety of goods and services.
  3. 10. Brazil and Cuba _______ in sugar production.
  4. 12. An embargo is a complete _______ on trading.
  5. 13. If you are traveling to Brazil, you will need to convert your U.S. dollars to:
Down
  1. 1. The amount that one country's currency is worth in comparison to another country's currency.
  2. 2. When people convert currency from one country's currency to another, it is called:
  3. 3. Mexico limits the amount of fruits and vegetables imported from other countries.
  4. 5. A quota is a ______ on imported goods.
  5. 6. A tariff is a _______ on imported goods.
  6. 8. The United States placed a ban on trading with Cuba following certain events in the 1960s.
  7. 9. Brazil places a tax on electronics imported from South Korea.
  8. 11. Countries are able to _______ the goods that they specialize in.