Economics

3. The legally recognised form for payment of goods and services within an economy is called ______
6. Free trade increases _______ between producers of goods and services, causing prices to fall
9. The unprecedented expansion of international trade and commerce during the last fifty years is called ________
10. When a country is better at producing a product than another country, it is said to have a Comparative _______
11. One consequence of free trade for consumers is an increase in their standard of ______

1. Countries that agree to buy products and services for a reasonable price from developing countries are said to engage in ____ trade
2. Selling goods and services locally within a country is the country's _____ market
4. A consequence of removing tariffs on imported goods
5. When a country is efficient at producing a particular product, it is said to have developed a ________
7. One reason to impose tariffs on imported products is to ______ local industries.
8. Australia's most significant international trading partner