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Marketing Vocab Review

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Across
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Rising Prices
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Difference in value between exports and imports of a nation
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A total ban on specific goods coming into and leaving a country
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A government's establishment of economic policies that systematically restrict imports in order to protect domestic industries.
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All things used in production
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The exchange of goods and services among nations
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North American Free Trade Agreement
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The difference between wants and needs and available resources
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The output of goods and services produced by labor and property located within a country
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A tax on imports
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The output per worker hour that is measured over a defined period of time
Down
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The physical development of a country
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A coalition of nations that makes rules governing international trade. Had 148 members as of October 2004
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Limits either the quantity or the monetary value of a product that may be imported
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Goods and services sold to other countries
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Refers to the skills of people who are willing to invest their time and money to run a business
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Commercial exchange between nations that is conducted on free market principles, without restrictive regulations
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Europe's trading block
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The organized way a nation provides for the needs and wants of its people
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Term used to signify a period of renewed economic growth
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A time when the economy is flourishing
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Good and services purchased from other countries