In each blank, try to type in the
word that is missing. If you've
typed in the correct word, the
blank will turn green.
If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed. When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on. Term: most nation clauseDefinition: provision allowing a country to receive the same tariff reduction that the States negotiates with a third country Term: fixed exchange Definition: system under which the price of one currency remains unchanged in to the value of another currency Term: protective Definition: tax on imports designed to less efficient domestic industries Term: surplusDefinition: occurs when the value of exports exceeds the of imports Term: North American Free Agreement (NAFTA)Definition: agreement Canada, Mexico, and the United States to reduce tariffs Term: exportsDefinition: goods and services produced in one country and shipped to Term: dumpingDefinition: selling products abroad at less than it costs to produce Term: free Definition: who favor few or no restrictions on trade with other countries Term: advantageDefinition: a nation's ability to a given product more efficiently than another nation Term: tariffDefinition: tax on imports designed to increase their price in the domestic Term: -weighted value of the dollarDefinition: -weighted value of the dollar - index showing the strength of the dollar against a group of foreign currencies Term: comparative Definition: ability to produce a product relatively more efficiently or at a lower opportunity Term: Trade Organization (WTO)Definition: international organization that trade disputes and organizes trade negotiations Term: Definition: limit on the of a product that may be imported Term: exchangeDefinition: foreign currency used for trade Term: trade Definition: when the value of products imported exceeds the of products exported Term: balance of Definition: difference between the money a country pays to and receives from other Term: revenue Definition: tax on imported goods that will generate revenue without prohibiting imports |
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breckart2
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