Across
- 1. The process of selling goods in foreign countries at a price lower than the normal market price.
- 7. The concept of a country or firm focusing on producing a limited range of goods or services in order to maximise efficiency.
- 11. The process of international trade restrictions being relaxed.
- 13. A ___________________ company has operations in several countries.
Down
- 2. Government measures to shield domestic firms from overseas competition.
- 3. Growing interdependence between different countries due to increased trade, international relations and travel.
- 4. A tax levied on imports.
- 5. The concept of international trade being allowed without any restrictions.
- 6. A country enjoys _________________ advantage when it can produce goods for a lower opportunity cost than another country.
- 8. An outright ban on a particular imported good.
- 9. A country enjoys ________________ advantage when it can produce goods for a lower actual cost than another country.
- 10. ______________ industries are new and in the early stage of development.
- 12. A limit on the amount of a certain type of goods that can be imported into a country.