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ECON_10.1 - 10.3

Full Name:
Period:
Horizontales
A good or service brought in from another country for sale.
When a person or a nation can produce more of a given product than another person or nation using a given amount of resources.
The value of a nation's currency in relation to a foreign currency.
A nation that imports more goods and services than it exports.
Actions a nation takes in order to punish or pressure another nation.
A decrease in the value of a currency.
Founded with the purpose of making trade more free and fair.
An official ban on trade or other commercial activity with a country.
Verticales
A cycle of escalating trade barriers.
Product that a person or nation can produce most effectively.
Involves the lowering or elimination of protective tariffs and other trade barriers between two or more nations.
The shared need of countries for the resources, good, services, labor, and knowledge supplied by other countries.
An increase in the value of a currency.
A nation that imports less goods and services than it exports.
A good or service sent to another country for sale.