1. Trade

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Across
  1. 2. what occurred to Germany's currency after the Treaty of Versailles, involves currency losing value rapidly
  2. 8. one reason why the first era of IPE ended. Involved states shifting from agricultural economies to industry and large-scale production (2 words)
  3. 9. Previously called the General Agreement on Tariffs and Trade, an economic IO with a trade court (abbreviation)
  4. 10. when most or all states engage in protectionism, so little trade occurs (2 words)
  5. 12. Country a is more efficient at producing blankets than water bottles. So, Country A has a _____ in blankets (2 words)
  6. 13. when there is a restriction or ban on imports, with the intention of protecting domestic business and producers
  7. 14. the country with the comparative advantage in making soccer balls in the following example. It takes Germany 1 hour to make 1 soccer ball and 2 hours to make 1 jersey. It takes Brazil 6 hours to make 1 soccer ball and 3 hours to make 1 jersey.
  8. 18. era of IPE from 1648 to 1815; focused on mercantilism, protectionism, and colonialism; and when little trade occurred (3 words)
  9. 20. created under the order led by the US after WWII; named after the location of a 1944 conference; and creator of several economic IOs (3 words)
  10. 21. the country with the absolute advantage in making jerseys in the following example. It takes Germany 1 hour to make 1 soccer ball and 2 hours to make 1 jersey. It takes Brazil 6 hours to make 1 soccer ball and 3 hours to make 1 jersey.
Down
  1. 1. spread of technology, money, culture, opinions, goods, and services via trade and investment
  2. 3. policy where free markets dictate supply and demand and where there is limited government involvement and regulation of the economy
  3. 4. era of IPE from 1815 to 1975; sees growth in trade but major wars, depressions, and volatile inflation; and when US took on leadership role in IR (3 words)
  4. 5. one reason why the second era of IPE ended. The US started running out of this finite resource, making it difficult to continue a fixed currency system. With the lack of this resource, the US switched to a floating system
  5. 6. era of IPE that began in 1975 and marks an unprecedented era in terms of levels of international trade, connections, and communications (3 words)
  6. 7. Country A is more efficient than Country B at producing mirrors. So, Country A has an _____ in mirrors (2 words)
  7. 8. economic IO that is the lender of last resort, supplies emergency funds and short-term loans to fix balance of payment problems, and attempts to stabilize economies (abbreviation)
  8. 11. policy where the government works with businesses to increase economic growth and wealth
  9. 15. the country with the comparative advantage in making jerseys in the following example. It takes Germany 1 hour to make 1 soccer ball and 2 hours to make 1 jersey. It takes Brazil 6 hours to make 1 soccer ball and 3 hours to make 1 jersey.
  10. 16. order led by the US after WWII, an order with the goal of developing free trade and avoiding future depressions and WWIII (abbreviation)
  11. 17. the country with the absolute advantage in making soccer balls in the following example. It takes Germany 1 hour to make 1 soccer ball and 2 hours to make 1 jersey. It takes Brazil 6 hours to make 1 soccer ball and 3 hours to make 1 jersey.
  12. 19. economic IO that provides developmental loans, collects data, and gives advice (2 words)