Across
- 3. Customs Union with free transit in all the factors of production.
- 4. A physical limit on the number of goods of a certain type that can be imported.
- 5. A tax on a specific imported good.
- 6. A free trade with a common external tariff imposed by members on countries outside the area.
- 7. The flows of money to or from international organisations and aid to foreign countries.
- 10. Tariffs and quotas on goods and services eliminated amongst members but may be imposed on countries outside the area.
- 11. No agreed definition, but related to the economic, political and cultural integration of countries around the world.
Down
- 1. Income which flows into the country from non-residents minus the income that flows out of the country from non-residents.
- 2. Lowering tariffs increases specialisation and trade.
- 8. Goods and services that were formerly imported from outside the bloc are now traded within the bloc.
- 9. Customs Union with a common currency.