CH 2-3 VOCAB QUIZ

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Across
  1. 3. shift of an economy, or part of an economy, from private ownership to government ownership
  2. 4. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
  3. 6. established in 1993 by the Maastricht Treaty, its 28 member countries make it the largest single unified market in the world in terms of population and output
  4. 9. market in which goods and services are sold illegally
  5. 11. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  6. 12. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
  7. 15. requiring large amounts of capital in relation to labor.
  8. 17. national policy of avoiding international alliances and economic interactions
Down
  1. 1. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
  2. 2. conversion of state-owned factories and other property to private ownership
  3. 5. number of people per square mile of land area
  4. 7. independent Polish labor union founded in 1980 by Lech Walesa
  5. 8. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
  6. 10. entering into an activity
  7. 13. gross domestic product on a per person basis; can be expressed in current or constant dollars
  8. 14. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
  9. 16. certificates that could be used to purchase government-owned property during privatization