|
|
|
5
|
foreign currencies used to facilitate international trade.
|
|
6
|
waste
|
|
7
|
someone who studies economic systems or production processes to see if it is operating effectively and how much profit it is making
|
|
9
|
output
|
|
11
|
different between money paid to, and received from, other nations in trade.
|
|
12
|
the cash that is required for a particular time period to cover the repayment of interest and principal on a debt or loan
|
|
13
|
propsperity
|
|
14
|
situation occurring when the value of a nation's exports exceed the value of its imports
|
|
15
|
throway
|
|
17
|
balance of payment outcome when spending on imports exceeds revenues received from exports.
|
|
21
|
probles, challlenges
|
|
|
|
|
|
|
1
|
getting rid of
|
|
2
|
selling products outside of the country for less than it cost to produce them at home.
|
|
3
|
limit on the amount of a good that can be allowed into a country.
|
|
4
|
international agency that administers trade agreements
|
|
5
|
where countries enter agreements to allow their companies into the partner countries’ markets with reduced tariffs.
|
|
8
|
financial
|
|
9
|
advantaged
|
|
10
|
independence
|
|
16
|
unimportant
|
|
18
|
goods and services that a country produces and then sells to other nations.
|
|
19
|
goods and services that a nation buys from other nations
|
|
20
|
tax placed on an imported product.
|
|
|
|
