IB PUZZLE

123456789101112131415161718192021222324
Across
  1. 1. Integration of world economies and markets.
  2. 5. Cost – Cost of giving up the next best alternative when making a choice.
  3. 7. - World oriented approach to management.
  4. 8. – When imports are greater than exports.
  5. 10. - Taxes imposed on imported goods.
  6. 13. Intensive – Some goods require more capital to produce.
  7. 16. – When exports are greater than imports.
  8. 18. Tape – Complex paperwork or procedures that delay trade.
  9. 20. - Goods and services bought from another country.
  10. 21. focuses on accumulating gold through export surplus.
  11. 23. – Selling goods in another country at very low prices.
  12. 24. – Goods are identical in quality.
Down
  1. 2. cost - Expenses incurred in moving goods.
  2. 3. Paradox – Finding that U.S. exports were labor-intensive, contrary to Heckscher-Ohlin predictions.
  3. 4. Home country orientation in IB.
  4. 6. – A place where buyers and sellers meet.
  5. 9. Trade – Exchange of similar products (e.g., cars for cars).
  6. 11. Trade – No tariffs, quotas, or restrictions.
  7. 12. - Company operating in multiple countries.
  8. 14. Employment – All resources are fully used.
  9. 15. – Focusing on producing a few goods for higher productivity.
  10. 17. (Foreign Direct Investment) – Investment by a company/individual in business interests in another country.
  11. 19. Intensive – Some goods require more labor to produce.
  12. 22. – Government financial help to local industries, making imports less competitive