F583 - The global economy - trade and integration

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  • Created by: faatimah
  • Created on: 02-04-14 19:59
N J K W N L J Y F O C H T L Y G J T X K M
A S P O O T N C R W O X J P L I L G D I G
T Y E P I N U N E K C U O T S P Q L S R Y
W N N T T M L E E D W A Q K R Q P R B M T
F W O I A G K R T H S D G P P L E S Q Q Y
J V Z M E L T A R P Q B O S I F K H M A L
M V O A R V T P A J A V F E S F T F R U X
B I R L C S X S D T Y E G N S X I R E K I
X L U C E F I N E B N A A B O E G V S V M
I H E U D J K A A J W R B C Y K C J G C X
R T A R A L C R R Y T O V N Q S O O I S O
V X R R R Y C T E L O B E L T E E K F D C
U L A E T D U E A J C D X S B P J U Q I K
E C O N O M I C I N T R E G R A T I O N I
C A R C T M S I E P V M U V Y L C N N K N
M G U Y Q I C R D M K K N K A J Y R U W U
X U E A F V D P D E K G K N S L Y Y Y S Q
Y K R R P A I C U S T O M S U N I O N P Q
R B P E N F M O N E T A R Y U N I O N G D
H R O A M I A G O F L O F X I U K E P Q J
U S W P H X J N Q Q E B X Y J U I P M S M

Clues

  • an agreement between two or more countries to abolish tariffs on trade between them (4, 5, 4)
  • an agreement between two or more countries to abolish tariffs on trade between them and to place a common external tariff on trade with non-members (7, 5)
  • conditions that need to be met to avoid the costs of monetary union; high degree of labour market flexibility, mechanisms for fiscal transfers and absence of external shocks that impact differently on different economies (asymmetric shocks) (7, 8, 4)
  • occur where taxation raised in one country is used to fund government expenditures in another country (6, 9)
  • refers to the process of blurring the boundaries that separate economic activity in one nation state from that in another (8, 12)
  • term to describe the combines economies of the countries using the euro (4, 3, 8)
  • the ability to compare prices of goods and services in different countries (5, 12)
  • the deepest form of integration in which countries share the same currency and have a common monetary policy as a result (8, 5)
  • where economic integration results in high-cost domestic production being replaced by imports form a more efficient source within the economically integrated area (5, 8)

Comments

susannarylmann

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