Economics Unit 4 Crossword

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Across
  1. 3. Customs Union with free transit in all the factors of production.
  2. 4. A physical limit on the number of goods of a certain type that can be imported.
  3. 5. A tax on a specific imported good.
  4. 6. A free trade with a common external tariff imposed by members on countries outside the area.
  5. 7. The flows of money to or from international organisations and aid to foreign countries.
  6. 10. Tariffs and quotas on goods and services eliminated amongst members but may be imposed on countries outside the area.
  7. 11. No agreed definition, but related to the economic, political and cultural integration of countries around the world.
Down
  1. 1. Income which flows into the country from non-residents minus the income that flows out of the country from non-residents.
  2. 2. Lowering tariffs increases specialisation and trade.
  3. 8. Goods and services that were formerly imported from outside the bloc are now traded within the bloc.
  4. 9. Customs Union with a common currency.