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Chapter 1

Horizontales
An union where member countries eliminate tariffs among members and adopt a common external tariff policy for non members
The official currency used by many countries in the European Union.
Worldwide integration of economies, cultures, and technologies.
Adjusting strategies or products to fit foreign markets conditions.
International organization that provides financial support and ensures global monetary stability.
Verticales
Economic policy aimed at restricting imports
A limit on the quantity of goods that can be imported or exported.
Global organization that regulates international trade rules and resolves disputes.
Economically developed countries with high income, strong infrastructure, and technological innovation.
A tax imposed on imported or exported goods.