Economics 8.1 Crosswords

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Across
  1. 3. Used to describe the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.
  2. 5. If the quantity of _____________ increases, this will reduce domestic demand pull inflation (AD = C+I+G+X-M).
  3. 8. What instrument does the government used to protect domestic industries against international competition?
  4. 9. People often joke about the world shrinking, but in reality, it is simply _______________.
  5. 11. Old and declining industry
  6. 12. Driving License but for importing
  7. 15. What might encourage international specialization between countries?
  8. 18. A newborn industry
  9. 19. Competition and ________ are increased due to international trade
Down
  1. 1. Ban on certain imported good or on all imports from a particular country
  2. 2. The Limit the government places on import and export (to limit them)
  3. 4. Where national economy that can engage trade freely with other countries
  4. 5. What is the movement and exchange of physical goods (materials, component parts, equipment, finished products) as well as services, ideas, currencies and labour across international borders?
  5. 6. The main arguments against the use of __________ is because they reduce gains of trade
  6. 7. What neighboring country of the world agreed on to trade freely with each other but imposes tariff on all goods or services from non-member country?
  7. 10. Increase of international trade can cause ___________ trade
  8. 13. When you have the ability to make a product or an activity more efficiently than others
  9. 14. If a country can boost general competitiveness and productivity, then its ____________ will become more competitive and should increase.
  10. 16. Type of predatory pricing and unfair competition
  11. 17. A tax or duty to be paid on a particular class of imports or exports