Across
- 4. Growth policies aiming at expansion of export revenues as the vehicle of economic growth;
- 6. Lower quality goods for which higher quality
- 7. When the average price level continues to rise but at a slower rate so that the rate of inflation is positive but lower.
- 9. Income not spent on domestic goods and
- 10. Where two or more countries share the same
- 12. services.
- 16. Occurs when real GDP falls for at least two
- 18. Aid given to alleviate short-term suffering, consisting of food aid, medical aid, and
- 19. who lack access to traditional
- 20. contrasted to import substitution. (2 words)
- 23. Technology that relies mostly on the relatively abundant factor an economy is endowed with (2 words)
- 24. It includes savings, taxes and import
- 26. When government expenditures exceed
- 27. tools, equipment and factories.
- 28. The difference between how much a consumer is at most willing to pay for a good and how
Down
- 1. Spending by firms on capital goods such as
- 2. (3 words)
- 3. usually over a period of a year. (2 words)
- 5. Refers to the repayment of principal and interest on the debt of a person, a firm or a country. (2 words)
- 7. A decrease in the value of a currency in a fixed exchange rate system.
- 8. Interest rates that have been adjusted for
- 11. exist; if incomes rise, demand for the
- 13. relief aid usually as a result of a natural catastrophe or war. (2 words)
- 14. quality goods decreases. (2 words)
- 15. and have a common central bank. (2 words)
- 17. quarters.
- 21. The provision of small loans to poor
- 22. Goods that are jointly consumed, for example,coffee and sugar.
- 25. they actually pay. (2 words)