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