Chapter 37 Vocab Crossword
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
 
 
Down: 1) voluntary limitations by countries or firms of their exports to a particular foreign nation to avoid enactment of formal trade barriers by that nation3) a line that shows the different combinations of two products that an economy is able to obtain when it specializes in the production of one product trades it to obtain the other product5) an upward-sloping curve that shows the amount of a product that domestic firms will export at each world price that is above the domestic price7) the price in a comparative market at which the quantity demanded equals the quantity supplied, their is neither shortage nor surplus, and there is no tendency for price to rise or fall8) all barriers other than protective tariffs that nations erect to impede international trade11) a limit imposed by a nation on the quantity of a good that can be imported during some period of time13) a tariff designed to shield domestic producers of a good or service from the competition of foreign producers Across: 2) a product requiring a relative large amount of labor to be produced4) an organization of 145 nations (as of 2003) that oversees the provisions of the current world trade agreement, and disputes from it6) a lower relative or comparative cost than that of another producer9) the sale of products below cost in a foreign country or below the prices charged at home10) the rate at which units of one product can be exchanged for units of another product12) an equality showing the number of units of two products that can be produces with the same resources14) an downsloping curve that shows the amount of a product that domestic firms will import at each world price that is below the domestic price15) a product requiring a relative large amount of capital goods to be produced16) a tax impose by a nation on an imported group17) the use of trade barriers to reduce the risk inherent in product development by domestic firms, particularly that involving advanced technology18) the extra output that trading partners obtain through specialization of production and exchange of goods and services19) the international market price of a good or service20) a product requiring a relative large amount of land to be produced21) a tariff designed to produce income for the Federal government22) the price of a good or service within a country
 

 

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