Economics Key Terms 5.5

Across

• 1. where all restrictions to trade have been abolished between countries who are members within the European Union, creating free trade within the European Union (6, 8, 6)
• 4. organisations that aim to produce a surplus of income over expenses to promote a good cause (9)
• 5. where a person cannot afford the basics of life such as food, shelter and clothes (8, 7)
• 6. any barriers excluding that are designed to restrict trade and limit the amount of imports entering a country (3, 6, 8)
• 7. a level of income usually defined by the government of international body, below which a person would not be able to afford many of the goods and services seen as essentials of a decent standard of living (7, 4)
• 8. the exchange of goods and services between countries (13, 5)
• 9. the exchange of goods and services between countries where there are no restrictions (4, 5)
• 10. the reduction or cancellation of debt that LEDCs owe to either the World Bank or Developed Nations (4, 6)