International Trade

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Across
  1. 3. Prices for commodities can be
  2. 4. Trade leads to more of this for consumers
  3. 10. The process by which businesses or other organisations develop international influence or start operating on an international scale
  4. 11. LEDCs can be reliant on these for exports
  5. 13. Company who operates in many countries
  6. 14. The practice of shielding a country's domestic industries from foreign competition
  7. 16. States have the same currency and a common interest rate
  8. 17. Net benefits from trade
  9. 18. Efficiency gain from the transfer of technology and ideas due to trade
  10. 19. A group of states giving preferential access to certain products from the participating countries
  11. 21. The amount by which national income of a nation will be raised by a unit increase in domestic investment on exports
  12. 25. Countries imposing few or no duties on trade with one another and a common tariff on trade with other countries.
  13. 28. Example of an economic union
  14. 29. Gains which arise from improved living standards
  15. 30. Tax or duty to be paid on imports
Down
  1. 1. A wide ranging tax, tariff and trade treaty
  2. 2. A limited quantity of a particular product which under official controls can be produced, exported, or imported.
  3. 5. A cost of trade to LEDCs, where MEDCs take advantage of LEDC's resources for their own gain
  4. 6. Gain from trade due to falling costs
  5. 7. Type of unemployment possible in some industries from trade
  6. 8. WTO
  7. 9. A group of countries with common interests who have formed an alliance
  8. 12. Focus of production on a limited scope of products or services in order to gain greater degrees of productive efficiency
  9. 15. Tariffs and quotas are examples of these to trade
  10. 20. Trade where no barriers have been put in place
  11. 22. 26 countries who have abolished passport and boarder controls between members
  12. 23. The production of goods/ services (or part of the production process) outside of the domestic economy
  13. 24. Example of economic and monetary union
  14. 26. The unification of economic policies between different states
  15. 27. Agreed tariffs on external countries and few or no duties between members