vocab puzzle 2

5. a country that tries to get the benefits of free trade without paying the costs of it
10. trying to help a country’s own industries by raising trade barriers
12. when a country makes a product at a lower opportunity cost than another one
15. an economist whose theory of comparative advantage is the main argument for free trade

1. when two countries impose a series of back-and-forth trade barriers upon each other
2. a government’s financial support for a product or an industry
3. a country’s policy of self-sufficiency, when it tries to isolate itself from the world
4. trade policies intended to increase a state’s wealth a power compared to other states
6. forms of protectionism, like quotas or subsidies, that don’t tax imports
7. products coming into a country
8. when a country uses its trade rules to try to weaken another country
9. selling exports for less than the costs of production, or for less than they sell at home
11. a tax or fee on imports
13. products going out of a country
14. an economist who argued for certain exceptions to free trade