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en
CR
Taking it International
16
barriertotrade: Anything which prevents free trade between two countries, e.g. tariffs, quotas. (3 words)
absoluteadvantage: Where a country is able to produce more output than other countries using the same input of factors of production. (2 words)
balanceofpayments: The accounting record of all transactions (debits and credits) between the households, firms and government of one country, and the rest of the world. (3 words)
commonmarket: A customs union with common policies on product regulation, and free movement of goods, services, capital and labor.(2 words)
currentaccountdeficit: Where revenue from the exports of goods and services and income flows is less than the expenditure on the import of goods and services and income flows in a given year. (3 words)
customsunion: An agreement made between countries, where the countries agree to work towards free trade among themselves and they also agree to adopt common external barriers against any country attempting to import into the customs union.(2 words)
dumping: The selling of a good in another country at a price below its unit cost of production.
deteriorationinthetermsoftrade: Where the index of the average price of exports falls relative to the index of the average price of imports.(5 words)
devaluation: A decrease in the value of a country’s currency in a fixed exchange rate system.
appreciation: An increase in the value of a country’s currency in a floating exchange rate system.
expenditureswitchingpolicies: Policies implemented by the government that attempt to switch the expenditure of domestic consumers away from imports towards domestically produced goods and services. (3 words)
exchangerate: The value of one currency expressed in terms of another currency. (2 words)
foreigndirectinvestment: Longterm investment by a multinational company in a foreign country. (3 words)
portfolioinvestment: The purchase of financial investments such as shares and bonds in order to gain a financial return in the form of interest or dividends. (2 words)
tariff: A duty (tax) that is placed upon imports to protect domestic industries from foreign competition.
WTO: An international body that sets the rules for global trading and resolves disputes between its member countries. It also hosts negotiations concerning the reduction of trade barriers between its member nations.
tradebloc: Any association of one or more countries where an agreement is made to reduce trade barriers.(2 words)
Taking it International
Across:7. | A duty (tax) that is placed upon imports to protect domestic industries from foreign competition. | 8. | An increase in the value of a country’s currency in a floating exchange rate system. | 12. | The purchase of financial investments such as shares and bonds in order to gain a financial return in the form of interest or dividends. (2 words) | 14. | The accounting record of all transactions (debits and credits) between the households, firms and government of one country, and the rest of the world. (3 words) | 15. | A customs union with common policies on product regulation, and free movement of goods, services, capital and labor.(2 words) | 16. | Where revenue from the exports of goods and services and income flows is less than the expenditure on the import of goods and services and income flows in a given year. (3 words) |
| | Down:1. | Longterm investment by a multinational company in a foreign country. (3 words) | 2. | Policies implemented by the government that attempt to switch the expenditure of domestic consumers away from imports towards domestically produced goods and services. (3 words) | 3. | Where a country is able to produce more output than other countries using the same input of factors of production. (2 words) | 4. | The value of one currency expressed in terms of another currency. (2 words) | 5. | Any association of one or more countries where an agreement is made to reduce trade barriers.(2 words) | 6. | Anything which prevents free trade between two countries, e.g. tariffs, quotas. (3 words) | 9. | An agreement made between countries, where the countries agree to work towards free trade among themselves and they also agree to adopt common external barriers against any country attempting to import into the customs union.(2 words) | 10. | The selling of a good in another country at a price below its unit cost of production. | 11. | An international body that sets the rules for global trading and resolves disputes between its member countries. It also hosts negotiations concerning the reduction of trade barriers between its member nations. | 13. | A decrease in the value of a country’s currency in a fixed exchange rate system. |
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© 2014
PuzzleFast.com, Noncommercial Use Only
Taking it International
Across:7. | A duty (tax) that is placed upon imports to protect domestic industries from foreign competition. | 8. | An increase in the value of a country’s currency in a floating exchange rate system. | 12. | The purchase of financial investments such as shares and bonds in order to gain a financial return in the form of interest or dividends. (2 words) | 14. | The accounting record of all transactions (debits and credits) between the households, firms and government of one country, and the rest of the world. (3 words) | 15. | A customs union with common policies on product regulation, and free movement of goods, services, capital and labor.(2 words) | 16. | Where revenue from the exports of goods and services and income flows is less than the expenditure on the import of goods and services and income flows in a given year. (3 words) |
| | Down:1. | Longterm investment by a multinational company in a foreign country. (3 words) | 2. | Policies implemented by the government that attempt to switch the expenditure of domestic consumers away from imports towards domestically produced goods and services. (3 words) | 3. | Where a country is able to produce more output than other countries using the same input of factors of production. (2 words) | 4. | The value of one currency expressed in terms of another currency. (2 words) | 5. | Any association of one or more countries where an agreement is made to reduce trade barriers.(2 words) | 6. | Anything which prevents free trade between two countries, e.g. tariffs, quotas. (3 words) | 9. | An agreement made between countries, where the countries agree to work towards free trade among themselves and they also agree to adopt common external barriers against any country attempting to import into the customs union.(2 words) | 10. | The selling of a good in another country at a price below its unit cost of production. | 11. | An international body that sets the rules for global trading and resolves disputes between its member countries. It also hosts negotiations concerning the reduction of trade barriers between its member nations. | 13. | A decrease in the value of a country’s currency in a fixed exchange rate system. |
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© 2014
PuzzleFast.com, Noncommercial Use Only