International Trade #4

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Across
  1. 6. The benefit lost when choosing one option instead of another, such as exporting milk instead of using it locally.
  2. 9. Reducing barriers like tariffs to encourage more trade.
  3. 10. Countries New Zealand trades with, such as China, Australia, the US, and Japan.
  4. 11. A sudden change in demand, like China increasing demand for NZ logs.
  5. 12. The idea that new industries need protection until they become competitive.
Down
  1. 1. The amount of output produced from a given amount of inputs.
  2. 2. A sudden change in supply, like drought reducing NZ dairy exports.
  3. 3. An international body that sets rules for global trade.
  4. 4. Money held by the Reserve Bank to help stabilise the NZ dollar.
  5. 5. A trade agreement between many countries.
  6. 7. A trade agreement between two countries.
  7. 8. Selling goods in another country at a very low price.