trade

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Across
  1. 3. It is the equilibrium price at which it can be exchanged for another currency on the forex market.
  2. 5. A reduction in a fixed exchange rate determined by the government or central Bank of the country.
  3. 8. A new industry in its early stages with future growth potential but as yet without sufficient scale to compete with larger established overseas competitors.
  4. 9. This occurs when the value of imports to a country exceeds value of its exports over the same.
  5. 11. A company with premises and productive operations located in more than one country.
  6. 12. A record of all financial flows between the country and the rest of the world over a given period of time.
  7. 14. A ban on the importation of a product.
  8. 16. A form of predatory pricing that involves producers in one country 'flooding' other countries with their product at a price that is well below its global market price. This is so it can increase its exports at the expense of sales of firms in those other countries.
  9. 18. A national economy that engages freely in trade with other countries.
  10. 20. An indirect tax imposed on the price of an imported good to reduce domestic demand for that product.
  11. 22. This occurs when the value of exports to a country exceeds value of its exports over the same.
  12. 23. A fall in the external value currency due to changes in demand and/or supply conditions on the forex market.
  13. 24. Measures used by a country to restrict imports other than through the imposition of tariffs. They include quotas, embargos, subsidies paid to domestic producers of competing products, excessive licensing regulations and standards.
  14. 25. When an economy focuses its production on too narrow a range of products leaving it vulnerable to falling global demand for one or more of its products and heavily dependent on one or more other countries to obtain the goods and services it needs.
  15. 26. The movement and exchange of goods, services, ideas, money and labour across international borders.
Down
  1. 1. specialization This occurs when countries focus on the production of a limited range of goods and services they are individually best able to produce with their scarce natural and human-made resources. Their mass production allows each country to produce a surplus, which can then be traded internationally.
  2. 2. An exchange rate determined by market demand and supply conditions contact global foreign exchange (forex) market.
  3. 4. A stated policy of a government to defend domestic industries and jobs from international competition.
  4. 6. An official exchange rate set and maintained by the government or central bank of a country.
  5. 7. Increasing economic, social, technological and cultural interactions and interdependencies between different countries.
  6. 10. A flow of money out of a country in exchange for a good or service supplied by a producer located in another country.
  7. 13. The process of reducing or removing barriers to trade between different countries.
  8. 15. Government measures, actions or requirements designed to restrict and/or increase the cost of imports.
  9. 17. A limit on the amount or volume of an imported good that is allowed into a country.
  10. 19. A flow of money received by a country from the sale of a good or service to a resident of another country.
  11. 21. A rise the external value of a currency resulting from changes in demand and/or supply conditions on the forex market.