Chapter 17: International Trade
a crossword puzzle by
PuzzleFast Instant Puzzle Maker
Puzzle URL
https://www.puzzlefast.com/en/puzzles/20130603952168
To embed this puzzle on your website, paste the markup below into your HTML. Change the width and height values as desired.
Plain Puzzle
Plain Puzzle Without Solution Link
Hide This
1:00
en
CR
Chapter 17: International Trade
20
imports : goods and services that one country buys from another
exports : goods and services that a nation produces and then sells to other nations
absolute advantage : country's ability to produce more of a given product than can another country
comparative advantage : the ability to produce a product relatively more efficiently, or at a lower opportunity cost
tariff : a tax placed on imports to increase their price in the domestic market
quota : a limit placed on the quantities of a product that can be imported
protective tariff : a tariff high enough to protect less efficient domestic industries
revenue tariff : a tariff high enough to generate revenue for the government without actually prohibiting imports
dumping : selling products abroad at less than it cost to produce them at home
protectionist : person who would protect domestic producers with tariffs, quotas, and other trade barriers
free trader : individual who favors fewer or even no trade restrictions
infant industries argument : argument that new and emerging industries should be protected from foreign competition until they are strong enough to compete
balance of payments : the difference between the money a country pays out to, and receives from, other nations when it engages in international trade
most favored nation clause : a provision allowing a country to receive the same tariff reduction that the United States negotiates with a third country
world trade organization : an international agency that administers precious GATT trade agreements, settles trade disputes between governments, organizes trade negotiations, and provides technical assistance and training for developing countries
north american free trade agreement : an agreement to liberalize free trade by reducing tariffs among three major trading partners: Canada, Mexico, and the United States
foreign exchange : foreign currencies used to facilitate international trade
foreign exchange rate : the price of one country's currency in terms of another country's currency
fixed exchange rates : a system under which the price of one currency is fixed in terms of another so that the rate does not change
flexible exchange rates : forces of supply and demand establish the value of one country's currency in terms of another country's currency
trade deficit : balance of payments outcome when spending on imports exceeds revenues received from exports
trade surplus : situation occurring when the value of a nation's exports exceeds the value of its imports
trade weighted value of the dollar : an index showing the strength of the dollar against a group of foreign currencies
Chapter 17: International Trade
Across:1. | person who would protect domestic producers with tariffs, quotas, and other trade barriers | 4. | country's ability to produce more of a given product than can another country | 8. | individual who favors fewer or even no trade restrictions | 9. | the ability to produce a product relatively more efficiently, or at a lower opportunity cost | 11. | goods and services that one country buys from another | 13. | situation occurring when the value of a nation's exports exceeds the value of its imports | 14. | argument that new and emerging industries should be protected from foreign competition until they are strong enough to compete | 17. | a tax placed on imports to increase their price in the domestic market | 19. | forces of supply and demand establish the value of one country's currency in terms of another country's currency | 20. | a tariff high enough to protect less efficient domestic industries |
| | Down:2. | an agreement to liberalize free trade by reducing tariffs among three major trading partners: Canada, Mexico, and the United States | 3. | a tariff high enough to generate revenue for the government without actually prohibiting imports | 5. | selling products abroad at less than it cost to produce them at home | 6. | a provision allowing a country to receive the same tariff reduction that the United States negotiates with a third country | 7. | an international agency that administers precious GATT trade agreements, settles trade disputes between governments, organizes trade negotiations, and provides technical assistance and training for developing countries | 10. | the price of one country's currency in terms of another country's currency | 12. | foreign currencies used to facilitate international trade | 15. | balance of payments outcome when spending on imports exceeds revenues received from exports | 16. | goods and services that a nation produces and then sells to other nations | 18. | a limit placed on the quantities of a product that can be imported |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only
Chapter 17: International Trade
Across:1. | person who would protect domestic producers with tariffs, quotas, and other trade barriers | 4. | country's ability to produce more of a given product than can another country | 8. | individual who favors fewer or even no trade restrictions | 9. | the ability to produce a product relatively more efficiently, or at a lower opportunity cost | 11. | goods and services that one country buys from another | 13. | situation occurring when the value of a nation's exports exceeds the value of its imports | 14. | argument that new and emerging industries should be protected from foreign competition until they are strong enough to compete | 17. | a tax placed on imports to increase their price in the domestic market | 19. | forces of supply and demand establish the value of one country's currency in terms of another country's currency | 20. | a tariff high enough to protect less efficient domestic industries |
| | Down:2. | an agreement to liberalize free trade by reducing tariffs among three major trading partners: Canada, Mexico, and the United States | 3. | a tariff high enough to generate revenue for the government without actually prohibiting imports | 5. | selling products abroad at less than it cost to produce them at home | 6. | a provision allowing a country to receive the same tariff reduction that the United States negotiates with a third country | 7. | an international agency that administers precious GATT trade agreements, settles trade disputes between governments, organizes trade negotiations, and provides technical assistance and training for developing countries | 10. | the price of one country's currency in terms of another country's currency | 12. | foreign currencies used to facilitate international trade | 15. | balance of payments outcome when spending on imports exceeds revenues received from exports | 16. | goods and services that a nation produces and then sells to other nations | 18. | a limit placed on the quantities of a product that can be imported |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only