Economics 8.1 Crosswords

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Across
  1. 1. When you have the ability to make a product or an activity more efficiently than others
  2. 3. Increase of international trade can cause ___________ trade
  3. 4. Type of predatory pricing and unfair competition
  4. 5. Competition and ________ are increased due to international trade
  5. 7. The main arguments against the use of __________ is because they reduce gains of trade
  6. 8. What instrument does the government used to protect domestic industries against international competition?
  7. 9. Used to describe the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.
  8. 10. Old and declining industry
  9. 11. Where national economy that can engage trade freely with other countries
  10. 13. People often joke about the world shrinking, but in reality, it is simply _______________.
  11. 15. What might encourage international specialization between countries?
  12. 17. license Driving License but for importing
  13. 18. The Limit the government places on import and export (to limit them)
Down
  1. 1. What neighboring country of the world agreed on to trade freely with each other but imposes tariff on all goods or services from non-member country?
  2. 2. Ban on certain imported good or on all imports from a particular country
  3. 6. What is the movement and exchange of physical goods (materials, component parts, equipment, finished products) as well as services, ideas, currencies and labour across international borders?
  4. 12. If the quantity of _____________ increases, this will reduce domestic demand pull inflation (AD = C+I+G+X-M).
  5. 14. A tax or duty to be paid on a particular class of imports or exports
  6. 16. If a country can boost general competitiveness and productivity, then its ____________ will become more competitive and should increase.
  7. 17. A newborn industry