Economic Vocabulary Crossword Puzzle

QUESTIONS LIST:

• euro : common currency of most european union member states.
• european union : economic and political union of 28 european nations.
• currency exchange : converting one nation's money into an equivalent value/quantity of another's
• embargo : block all trade with another nation. an embargo may be employed for safety reasons, but is more frequently used to punish rogue states
• brexit : 2016 referendum whereupon majority of british citizens voted for the uk to withdraw from the eu
• gdp per capita : the average annual income of a nation's citizens.
• quota : place a limit on imported goods. this is done so that cheaper imports do not flood domestic markets and put domestic market producers out of business.
• tariffs : place a tax on imported good. this id done artificially inflate the price of a cheaper foreign product so as to make the price domestic products more competitive.
• specialization : (the abbreviation is used for this word) focusing on a narrow range of products/services that can be produced most efficiently and cost efficiently.
• gdp : the estimated total value of all the final goods and services produced in a nation in a year's time.