WEEK 3 EXTRA CREDIT(20 PTS CROSSWORD CLUES 0Across 2 The...

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WEEK 3 EXTRA CREDIT (20 PTS ) CROSSWORD CLUES 0Across 2. The ability to produce a specific product more efficiently than any other nation- Absolute Advantage 7. A limit on the amount of a particular good that may be imported into a country during a given period of time – Import Quota 8. A negative balance of trade – Trade Deficit 14. Selling and shipping raw materials or products to other nations - Exporting 17. The total flow of money into the country minus the total flow of money out of the country over some period of time – Balance of Payments 18. An international organization of 153 nations dedicated to reducing or eliminating tariffs and other barriers to world trade – (GATT) General Agreement on Tariffs and Trade 0Down 1. An organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies – Economic Community 3. A nontax measure imposed by a government to favor domestic over foreign suppliers – Nontariff Barrier 4.
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