International relations and globalisation quiz

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Across
  1. 3. of trade: A ratio of average export prices to average import prices (3 words)
  2. 5. advantage: The ability of an country to carry out a particular economic activity more efficiently than another country
  3. 8. investment: Australian companies setting up subsidiaries overseas is an example of this (2 words)
  4. 11. inflation: Globalisation will help to achieve this goal by increasing the level of competition within industries
  5. 13. rates: Deregulation of the banking sector helped to reduce these
  6. 15. division of labour: Tasks in the production process are broken down and divided up, and workers are assigned particular states or tasks in the process (4 words)
  7. 16. deficit: When government expenditure exceeds government revenue in a given year (2 words)
  8. 18. import restrictions: Prevents foreign businesses from producing and selling goods into Australia that are protected by Australian copyright laws (3 words)
  9. 19. pricing: A way for MNCs to reduce their payment of tax by manipulating the prices charged for transfers of products between their subsidiaries in different countries (2 words)
  10. 20. content rules: Certain goods or services produced in Australia must contain a percentage of Australian content (3 words)
  11. 21. A …………… of the TWI will lead to more employment opportunities for exporters and an increase in inflationary pressures in Australia
  12. 22. secondary income: Gifts and foreign aid would be included in this section of the current account (3 words)
  13. 23. An Australian investor who purchase 10 shares in Apple would be involved in this form of investment
Down
  1. 1. The removal of government controls on an industry or sector of the economy and a key driver of globalisation
  2. 2. A quantity limit on the number of imports allowed into a country
  3. 4. inflow: An increase in interest rates would lead to an increase in ………….. into Australia (2 words)
  4. 6. default swap: A financial contract whereby a buyer of corporate or sovereign debt in the form of bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. This is achieved by the issuer of the bonds insuring the buyer’s potential losses as part of the agreement (3 words)
  5. 7. account/ Records all transactions between Australia and other countries that do not have a future obligation (2 words)
  6. 9. investment: An increase in …………………….. (2 words) can lead to increased employment, boost productivity, allows Australia to boost our productive capacity and can lead to more company tax for the government
  7. 10. An ………….. of the TWI will lead to a larger BOMT deficit but a smaller net primary income deficit
  8. 12. of trade:The value of Australian exports of goods and services minus the value of Australian imports of goods and services (3 words)
  9. 13. ore: Australia’s largest export to China (2 words)
  10. 14. mortgages: A type of loan granted to individuals with poor credit histories
  11. 17. weighted index: The value of the Australian dollar weighted against that of our major trading partners (3 words)