Intro to International Economics

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Across
  1. 5. sums of money granted by the government to assist a business
  2. 7. a system of money in general use in a particular country
  3. 8. the process of international interaction arising from the interchange of world vies, products, and ideas
  4. 11. advantage countries specialize in certain goods and they have a lower opportunity cost, so there is an increase in economic welfare
  5. 14. a level of quality or attainment
  6. 15. North American Free Trade Agreement
  7. 16. a tax to be paid on imports and exports
Down
  1. 1. a limited amount of people or things
  2. 2. rates the value of one currency for the purpose of conversion to another
  3. 3. the act of pursuing a particular line of work
  4. 4. the theory of shielding a country's domestic industries from foreign competition by taxing
  5. 6. The Association of Southeast Asian Nations
  6. 9. Barriers a government imposed restraint on the flow of international goods and services
  7. 10. an official ban on trade
  8. 12. advantage the ability of a party to produce a greater quantity of a good
  9. 13. European Union
  10. 17. Trade international trade left to its natural course without tariffs, quotas, or any other restrictions