Economics Terminology

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Across
  1. 4. Growth policies aiming at expansion of export revenues as the vehicle of economic growth;
  2. 6. Lower quality goods for which higher quality
  3. 7. When the average price level continues to rise but at a slower rate so that the rate of inflation is positive but lower.
  4. 9. Income not spent on domestic goods and
  5. 10. Where two or more countries share the same
  6. 12. services.
  7. 16. Occurs when real GDP falls for at least two
  8. 18. Aid given to alleviate short-term suffering, consisting of food aid, medical aid, and
  9. 19. who lack access to traditional
  10. 20. contrasted to import substitution. (2 words)
  11. 23. Technology that relies mostly on the relatively abundant factor an economy is endowed with (2 words)
  12. 24. It includes savings, taxes and import
  13. 26. When government expenditures exceed
  14. 27. tools, equipment and factories.
  15. 28. The difference between how much a consumer is at most willing to pay for a good and how
Down
  1. 1. Spending by firms on capital goods such as
  2. 2. (3 words)
  3. 3. usually over a period of a year. (2 words)
  4. 5. Refers to the repayment of principal and interest on the debt of a person, a firm or a country. (2 words)
  5. 7. A decrease in the value of a currency in a fixed exchange rate system.
  6. 8. Interest rates that have been adjusted for
  7. 11. exist; if incomes rise, demand for the
  8. 13. relief aid usually as a result of a natural catastrophe or war. (2 words)
  9. 14. quality goods decreases. (2 words)
  10. 15. and have a common central bank. (2 words)
  11. 17. quarters.
  12. 21. The provision of small loans to poor
  13. 22. Goods that are jointly consumed, for example,coffee and sugar.
  14. 25. they actually pay. (2 words)