Economics unit 3 key terms 0.0 / 5 ? EconomicsDefinitionsGCSEOCR Created by: Amber_WilsonCreated on: 12-04-16 20:34 36247951810 Across 1. The value of one currency in terms of another currency. (8, 4) 4. An act of giving financial assistance to a failing economy to save it from collapse. This could be in the form of loans or grants. (7) 8. A ban on the import of a good or service. (7) 9. A tax placed on imports to increase the price and reduce the quantity demanded. (6) 10. A physical limit on the number of goods imported into a country. This reduces quantity supplied so that price increases and quantity demanded falls. (5) Down 2. The balance of trade in goods and services plus net investment and incomes from overseas assets. (7, 7) 3. Where the central bank of a country tried to decide on the price of a currency. (5, 8, 4) 5. A time of difficult economic conditions created by government measures to reduce a budget deficit, especially by reducing public expenditure. (9) 6. Where a worker/firm/region/country concentrates on producing a narrow range of goods and services. (14) 7. Imports are goods and/or services provided by a company based overseas and sold to residents of the EU/UK.The profit goes back to the country of origin. (6)
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