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unit 7

Across
G/s that are bought by domestic citizens produced in other countries.
Balance of payments on g/s plus factor income and net international transfer payments.
Limit on the amount of inputs/production.
Output=
Nations are better off when they produce goods they have comp. adv. in supplying.
The difference between a country's exports and imports of goods.
Ability to produce a good with fewer inputs than another country.
Down
Funds sent by residents of one country to residents of another.
Ability to produce a product at a lower relative cost.
G/s sold by domestic citizens to other countries.
A summary of a country's transaction with other countries.
The current account and the financial account must equal _____.
Payments for the use of the factors of production owned by residents of other countries.
A tax on imports.
Input=