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International Trade 1 Final Exam B

Teacher: Anthony Spera
Across
– v. – to estimate the value of something
– n. – a legal decision serving as a pattern for future laws and decisions
a measure of the size of an economy
– n. – a breaking of a law or rule
– n. – a company or person who does business with other people
An international body concerned with promoting and regulating trade between its member states
International organization to facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
– n. - any system of persons or things ranked one above the other
– n. – a judicial process or order requiring someone to do something or to stop from doing something
an international bank established in 1944 to help member nations reconstruct and develop
– n. – something that cures or fixes something
– v. – bring to an end
– n. – a group of persons who are empowered to make, change or repeal the laws of a country
Down
There is an economic benefit for a nation to specialize in producing those goods for which is has a relative advantage.
– n. – acting in an honest and trustworthy way. The best way to do business, always.
– n. – a condition or promise in an agreement
– adj. – complex, difficult to understand.
– adj. – not clearly stated, indistinct, not certain
list of duties, fees, or customs imposed by a government on imports or exports
– v. – to act in agreement with wishes or rules
– n. – ceramic, porcelain, plates, cups, saucers; specifically valuable examples of them
– n. – an agent, go-between or mediator
– adj. – bearing upon the matter at hand
– adj. – enough of a difference to see; considerable, not a small amount
– n. – a lawsuit. Suing someone in court
[French, lit. superior force] – n. – an unexpected and disruptive event that may excuse a party from a contract
– n. – law
– n. – a person employed by their principal to make contracts on the principal’s behalf with third parties. Agency is a contract and falls under contract law