The Global Marketpla Word Scramble
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Question | Answer |
The interconnected economics of the nations of the world | Global Economy |
Involves the exchange of goods and services between nations | International Trade |
A company that does business in many countries and has facilities and officers around the world | Multinational Corporation |
Specific area of business or industry such as book trade | Trade |
Goods and services that one country sells to another counrty | Exports |
The difference of value between a country's imports and exports over a period of time | Balance of Trade |
The ability of a country or company to produce a particular good more efficiently than another country or company | Comparative Advantage |
The price at which one currency can buy another currency | Exchange Rate |
The practice of the government putting limits on foreign trade to protect businesses at home | Protectionism |
A tax placed on imports to increase the price in the domestic market | Tariff |
A limit placed on quantities of a product that can be imported | Quota |
A ban on the import or export of a product | Embargo |
Occurs when there are few or no limits on trade between countries | Free Trade |
Applying to, characterized by, or distinguishing something particular,special, or unique | Specific |
To give support or relief to | Sustains |
One who engages in a pursuit or activity professionally | Professionals |
A means of carrying or transporting something | Vehicles |
A disagreement | Disputes |
To confine within bounds | Restrict |
To act or work with another or others | Cooperate |
A discussion marked sspecially by the expresssion of opposing views | Controversy |
Exchange of goods and services in a country | Domestic Trade |
Exchange of goods and services internationally | World Trade |
Focus on a particular activity, area, or product | Specialize |
Mostly made up of banks which different currencies are exchanges | Foreign Exchange Market |
To limit competition from other countries, governments develop these | Trade Barriers |
Serveral countries merge their economies into one huge market | Trade alliances |
Created by:
alexus_smail
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