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Economics

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Across
  1. 1. The amount by which the value of a countries exports exceeds the cost of its imports
  2. 5. Send (goods or services) to another country for sale
  3. 7. Are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers
  4. 12. The account which records transactions for the ownership of foreign assets
  5. 16. Money flows into the country
  6. 17. A measurement of the total amount of demand for all finished goods and services produced in an economy
  7. 18. The exchange of goods and services across international borders/territories.
  8. 19. The combined letters which form the equation for aggregate demand
  9. 20. A monetary system that allows the exchange rate to be determined by supply and demand
  10. 21. The amount by which the value of a countries exports exceeds the cost of its imports
Down
  1. 2. An official ban or trade or other commercial activity without a particular economic activity more efficiently than another activity
  2. 3. The ability of an individual/group to carry out a particular economic activity more efficiently than another activity
  3. 4. Part of the current account which represents income that Australian residents earn from and pay to the rest of the world
  4. 6. Intervals of expansion followed by recession in economic activity
  5. 8. The account which measures the inflow and outflow of goods, services, investment incomes and transfer payments
  6. 9. Investments, government expenditure and export earnings are considered...in the circular flow model
  7. 10. An agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries
  8. 11. Middle Eastern Country in which crude petroleum is the top export
  9. 13. A branch of economics that deals with the structure, performance, behaviour, and decision-making of the whole, or aggregate, economy
  10. 14. The economic policy of restricting quotas, and a variety of other government regulations
  11. 15. Money flows out of the country