Across
- 2. Tax imposed on imports.
- 4. Who is the first to propose the law of comparative advantages.
- 7. Each country has a absolute advantage in producing some products.
- 8. How many international trade models?
- 9. Limitation on the volume of imported goods.
- 10. A product that is sold to the global market call as?
Down
- 1. The exchange of goods and services between one country and another.
- 3. What models take place on the basis of countries exercising "absolute advantage" over one another?
- 5. A country can produce more of a certain type of good than another country, using the same amount of resources.
- 6. Also know as "Short-term Capital Flows" as they are highly speculative.