Across
- 2. The removal of government controls on an industry or sector of the economy and a key driver of globalisation
- 4. Globalisation will help to achieve this goal by increasing the level of competition within industries
- 5. A ratio of average export prices to average import prices (3 words)
- 10. The ability of an country to carry out a particular economic activity more efficiently than another country
- 11. The value of what Australia owes to overseas nations minus what they owe to Australia (3 words)
- 12. the value of Australian exports of goods and services minus the value of Australian imports of goods and services (3 words)
- 14. The section of the current account that is mainly responsible for Australia’s persistent current account deficit (3 words)
- 15. A type of loan granted to individuals with poor credit histories
- 16. A quantity limit on the number of imports allowed into a country
- 19. Gifts and foreign aid would be included in this section of the current account (3 words)
- 20. A way for MNCs to reduce their payment of tax by manipulating the prices charged for transfers of products between their subsidiaries in different countries (2 words)
- 21. The combined total of Net Foreign Debt and Net Foreign Equity (3 words)
- 23. An ………….. of the TWI will lead to a larger BOMT deficit but a smaller net primary income deficit
- 24. An Australian investor who purchase 10 shares in Apple would be involved in this form of investment
- 25. Certain goods or services produced in Australia must contain a percentage of Australian content (3 words)
- 26. Prevents foreign businesses from producing and selling goods into Australia that are protected by Australian copyright laws (3 words)
- 27. Deregulation of the banking sector helped to reduce these
- 28. The sale of a good or service by a foreign supplier in another country at a price below the average total cost of production or the price charged by the supplier in its home market (2 words)
- 29. An increase in interest rates would lead to an increase in ………….. into Australia (2 words)
Down
- 1. The level of foreign ownership of Australian assets such as property and shares in businesses by foreigners, minus the level of Australian ownership of foreign assets (3 words)
- 3. A financial contract whereby a buyer of corporate or sovereign debt in the form of bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. This is achieved by the issuer of the bonds insuring the buyer’s potential losses as part of the agreement (3 words)
- 6. An increase in …………………….. (2 words) can lead to increased employment, boost productivity, allows Australia to boost our productive capacity and can lead to more company tax for the government
- 7. The value of the Australian dollar weighted against that of our major trading partners (3 words)
- 8. Tasks in the production process are broken down and divided up, and workers are assigned particular states or tasks in the process (4 words)
- 9. When government expenditure exceeds government revenue in a given year (2 words)
- 13. Australia’s largest export to China (2 words)
- 17. Records all transactions between Australia and other countries that do not have a future obligation (2 words)
- 18. A …………… of the TWI will lead to more employment opportunities for exporters and an increase in inflationary pressures in Australia
- 22. Australian companies setting up subsidiaries overseas is an example of this (2 words)