CROSS WORD ECONOMICS

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Across
  1. 2. the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports.
  2. 4. the amount by which the value of a country's exports exceeds the cost of its imports
  3. 6. In macroeconomics, a flexible exchange-rate system is a monetary system that allows the exchange rate to be determined by supply and demand. Every currency area must decide what type of exchange rate arrangement to maintain
  4. 8. the difference in total value between payments into and out of a country over a period."a balance-of-payments deficit"
  5. 11. the amount by which the cost of a country's imports exceeds the value of its exports.
  6. 12. bring (goods or services) into a country from abroad for sale."supermarkets may no longer import cheap jeans from Bulgaria"
Down
  1. 1. the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
  2. 3. the value of one currency for the purpose of conversion to another."the exchange rate of the dollar against the Deutschmark"
  3. 5. a condition or circumstance that puts one in a favourable or superior position.companies with a computerized database are at an advantage"
  4. 7. a fixed share of something that a person or group is entitled to receive or is bound to contribute."the county is falling short of its quota of blood donations"
  5. 9. send (goods or services) to another country for sale."nearly all the bananas produced were exported to Britain"
  6. 10. a tax or duty to be paid on a particular class of imports or exports."the reduction of trade barriers and import tariffs"