FA 1 [SA 2] - IGCSE- ECONOMICS

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Across
  1. 4. Governments may protect infant ________ from foreign competition.
  2. 6. A company that operates in more than one country.
  3. 7. A tax imposed on imported goods.
  4. 9. MNCs generate employment and attract foreign ________.
  5. 10. Free trade encourages greater economic ________.
  6. 11. Restrictions on the quantity of imports allowed into a country.
  7. 15. Specialization leads to increased business ______.
  8. 17. Domestic firms may become less ________ if protected for a long period.
  9. 18. The process by which countries concentrate on producing goods in which they have a comparative advantage.
  10. 19. Complete ban on importation of a particular good.
  11. 20. The increasing interdependence of economies around the world.
Down
  1. 1. An advantage of free trade that gives consumers a wider ________ of goods and services.
  2. 2. The organization that promotes free trade among nations is the ________ Trade Organization.
  3. 3. unemployment can be caused due to more specialization.
  4. 5. Countries become ______ due to international trade
  5. 8. An economy that trades with other economies.
  6. 12. A consequence of globalization is increased international ________.
  7. 13. The removal of barriers to international trade leads to ________ trade.
  8. 14. Selling goods abroad at prices below the cost of production is known as ________.
  9. 16. MNCs often bring advanced ________ and management skills to host countries.