Protectionism (ECO 6300_Summer 2025)

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Across
  1. 3. These groups often pay more due to protectionist policies
  2. 8. Acronym for the primary international organization regulating trade
  3. 10. Taxes imposed on imported goods
  4. 11. Government policies restricting international trade to help domestic industries
  5. 13. An unintended consequence where shielded industries become complacent and less ___
  6. 14. A group of countries with common external tariffs and coordinated laws
  7. 15. The "T" in NTBs (Non-Tariff Barriers)
  8. 18. Argument for protecting new or emerging industries
  9. 19. Protectionist policies can lead to trade ___
Down
  1. 1. Limits on the quantity of a good that can be imported
  2. 2. A common market example in Europe
  3. 4. A common justification for protectionism related to defense and essential goods
  4. 5. Economic consequence of protectionism leading to higher consumer prices
  5. 6. Financial support from government to domestic firms
  6. 7. Preserving local ___ is a common goal of protectionism
  7. 9. Acronym for the trade agreement preceding USMCA
  8. 12. Acronym for the trade agreement that replaced NAFTA
  9. 16. One of the goals of the USMCA is to create a level playing ___ for U.S. workers
  10. 17. A common market example including countries like Costa Rica and El Salvador