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Marketing Vocab Review

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