International Business Trade Crossword Puzzle

QUESTIONS LIST:

• exports: the exchange of goods and services between countries
• economic union: it is created when countries enter into an economic agreement to remove barriers to trade and adopt common economic policies.
• trade flow: the total value of a country's exports minus its imports
• balance: the difference between a country's exports and imports
• tariff: tax imposed on imported goods that increases the price of those goods relative to domestically- produced goods.
• mercantilism: stated that a country’s wealth was determined by the amount of its gold and silver holdings.
• european union: it has the fifth-largest economy in the world.
• developing world: the residents of these economies tend to have lower discretionary income to spend on nonessential goods (i.e, goods beyond food, housing, clothing, and other necessities).
• capitalism: is an economic system in which the means of production are owned and controlled privately.
• license: a document that allows goods to be imported or exported
• emerging market: it is the economy of a developing nation that is becoming more engaged with global markets as it grows.
• trade deal: an agreement between two or more countries to facilitate trade
• united nations: an international organization founded in 1945.
• recession: country need to borrow money in order to keep its basic public services operating until the economy improves and businesses and workers can resume paying sufficient tax revenues to make borrowing less of a need.