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Unit 4.1-4.6: International trade crossword

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  • Unit 4: Global economy/
  • Unit 4.1-4.6: International trade crossword

International trade crossword

Let your classes enjoy this revision crossword, perfect for a Friday afternoon or the last week of term.  Students can have fun and learn at the same time with this exercise - answers included.  

 

Across

7. Free trade between members but common external barriers

8. Trade without export and import barriers

9. Production switches from a high cost producer to a lower cost one

10. A tax placed on an imported good or service

13. Production switches from a low cost producer to a higher cost one

16. What the lower cost producer has

17. Trade in goods

18. When a currency rises in value as a result of changes to demand and / or supply of the currency

20. When the value of a country's exports > imports there is a current account .......

22. Part of AD, not C, I or G

23. Exchange rate system where the government allows some movement

Down

1. When the value of a country's imports > exports, there is a current account .......

2. When a currency falls in value as a result of changes to demand and / or supply of the currency

3. An example of a free trade area

4. Sometimes called a customs union plus

5. When you can produce something at a lower opportunity cost than another

6. When a currency rises in value as a result of government policy

11. Restrictions placed on the free movement of goods and services

12. Sometimes called hidden barriers

14. Trade in services

15. When a currency rises in value as a result of government policy

19. An example of a common currency in a monetary union

21. A limit on the numbers or value of a good or service that a country will allow into the country 

Across

7. Customsunion

8. Freetrade 

9. Trade creation 

10. Tariff

13. Tradediversion

16. Absolute advantage

17. Visible

18. Appreciation

20. Surplus

22. Net exports

23. Managed

Down

1. Deficit

2. Depreciation 

3. NAFTA

4. Common market 

5. Comparative advantage 

6. Revaluation

11. Protectionism 

12. Redtape

14. Invisible

15. Devaluation

19. Euro 

21. Quota

The crossword and answer key are available as PDF files:  Crossword clues 

 Answer key