Unit 4 Global Economics Crossword

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Across
  1. 2. acronym; organisation that sets trade rules and assists in negotiations
  2. 4. ___ market; trading block with free trade, common external policy, and free movement of factors of production; what the EU is
  3. 6. ___ account; record of all transfer of ownership of assets of a country
  4. 7. the multi-dimensional concept of overall progress in the world
  5. 10. barrier to trade that increases the price per unit of import
  6. 12. this country has the largest persistent current account deficit in the world
  7. 13. acronym; long-term investment from a foreign country, involving ownership of the assets
  8. 14. acronym; composite index with health, education, and income
  9. 17. ___ union; trading bloc with free trade, common external policy, free movement of factors, and shared currency; what the Eurozone is
  10. 18. ___ account; record of all investments and transactions of a country
  11. 20. money flowing out of a country
  12. 22. acrynoym; adjusts HDI for unequal outcomes
  13. 27. type of exchange rate where the value of currency is determined by supply and demand for that currency
  14. 30. acronym; states that depreciation will lead to improvement in current account if elasticities of imports and exports are greater than 1
  15. 31. ___ union; trading bloc that has free trade amongst members and same common policy towards non-members
  16. 33. ____ advantage; able to produce more quantity
  17. 34. what the balance of payments is equal to
  18. 37. this country has the largest persistent current account surplus in the world
  19. 38. one method of supporting domestic industries be more competitive with international firms
  20. 39. coefficient that measures income inequality in a country
Down
  1. 1. barrier to trade that limits volume of an import
  2. 3. acronym; composite index that measures gender inequality in reproductive health, empowerment, and economic status
  3. 4. ____ advantage; able to produce with a lower opportunity cost
  4. 5. type of exchange rate where the government periodically manipulates currency to stay in a range
  5. 6. money flowing into a country
  6. 8. acronym; model that estimates impact of humans on the environment based on how much humans demand in land and bioproductive areas
  7. 9. type of exchange rate where a currency's value is pegged to another currency, basket of goods, or gold
  8. 11. the market where currencies are traded
  9. 15. acronym; record of all transactions in trade, income, and capital flows of a country
  10. 16. best credit rating possible
  11. 18. acronym; made by an agreement to remove barriers of trade but each country is still allowed to set their own rules for non-member countries
  12. 19. ___ account; record of all transactions of goods and services and income flows of a country
  13. 21. this country has the second largest persistent current account deficit in the world
  14. 23. acronym; organisation that lends money to countries in emergencies
  15. 24. acronym; composite indicator that measures wellbeing, health, inequality, and sustainability
  16. 25. acronym; 17 goals set by the UN
  17. 26. 2 words; organisation that lends money to countries for long-term development projects
  18. 28. exchange of goods and services
  19. 29. _-___; shows the Marshall-Lerner Condition
  20. 32. acronym; firm with production facilities in more than one country
  21. 35. acronym; organisation with 38 countries that work together to stimulate trade and economic progress
  22. 36. this country has the second largest persistent current account surplus in the world