International Trade Crossword Puzzle

QUESTIONS LIST:

• entrepreneurship : it's the factor that brings together all the other factors of production while working
• productivity : it's a measure of the efficiency of factors of production
• production : ... takes inputs and uses them to create a product suitable for consumption - a good or a product that has value to the end user or customer
• import : a good or service bought in one country that was produced in another
• mercantilism : an economic system (europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
• export : commodities (goods or services) sold to a foreign country
• tariff : it's a tax imposed by the government of a country on imports or exports of goods
• retail : it's the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers
• counter trade : it's a reciprocal form of international trade in which goods or services are exchanged for other goods or services rather than for hard currency
• balance : the trade ... is the difference between the value of the goods that a country exports and the value of the goods that it imports
• protectionism : what government policy restricts international trade to help domestic industry?
• trade : the process of exchanging goods, services, values and money
• open : ... economy - the economy of a country that has a high degree of integration into the global economic space
• policy : a trade ... is set in place by a government and affects the number of goods and services a country exports and imports
• specialization : when we concentrate on a product or task
• closed : ... economy – a country's economy aimed at self-isolation
• growth : economic ... is an increase in the production of economic goods and services in one period of time compared with a previous period
• barter : it is a direct and on-the-spot exchange of products of equivalent value or importance
• paradox : when a country with a higher capital per worker has a lower capital/labor ratio in exports than in imports, this is called a leontief's ...
• efficiency : it's the capability of producing the desired result with the least amount of time and effort