vocab puzzle 2
Across
- 5. a country that tries to get the benefits of free trade without paying the costs of it
- 10. trying to help a country’s own industries by raising trade barriers
- 12. when a country makes a product at a lower opportunity cost than another one
- 15. an economist whose theory of comparative advantage is the main argument for free trade
Down
- 1. when two countries impose a series of back-and-forth trade barriers upon each other
- 2. a government’s financial support for a product or an industry
- 3. a country’s policy of self-sufficiency, when it tries to isolate itself from the world
- 4. trade policies intended to increase a state’s wealth a power compared to other states
- 6. forms of protectionism, like quotas or subsidies, that don’t tax imports
- 7. products coming into a country
- 8. when a country uses its trade rules to try to weaken another country
- 9. selling exports for less than the costs of production, or for less than they sell at home
- 11. a tax or fee on imports
- 13. products going out of a country
- 14. an economist who argued for certain exceptions to free trade