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Exploring Global Business

Across
When a country can produce goods more efficiently and at a lower cost than another country
Currency with an exchange rate that is set by the market forces of supply and demand in the foreign exchange market
Shared beliefs, customs, practices, and social behavior of a particular group or nation.
All the business activity involved in making, buying, and selling product within a nation’s borders
When a country specializes in producing a product at which it is relatively more efficient
Connections made among nations when economies freely move goods, labor, and money across borders.
Government order that prohibits trade with a foreign country
Body of laws related to the exchange of goods and services for international trade.
Buying and selling of goods and services across national borders. Also known as world trade and international business
Goods, services, and capital that are brought into a country from outside its borders.
Down
Total amount of money that comes into a country, minus the total amount of money that goes out for a specific period of time
Cost to convert one currency into another
Difference between a nation’s exports and its imports
Any government action taken to control or limit the amount of imports
Goods and services that are produced within a country’s borders and sold in another country.