Economic LOTS

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Across
  1. 1. Domestic Product: (GDP) the total value of all goods and services produced in a country for a period of one year.
  2. 4. capital: investing in factories, machinery, technology (things you can touch)
  3. 7. Zone: an area where there are no tariffs among participating countries. Example: European Union and USMCA
  4. 8. capital: investing in education, training, knowledge, skills
  5. 9. a set limit on goods produced
  6. 10. rate: the percentage of people over 16 that can read and write
  7. 12. someone that takes a risk to start a business
  8. 14. United States, Mexico, and Canada Agreement which promotes free trade among countries
  9. 15. a tax on imported goods
Down
  1. 2. of living: economic level of a country based on literacy rate and GDP. (how much money you make and how much stuff you got!)
  2. 3. stoppage or refusal to trade with other countries
  3. 5. Exchange: exchanging your money in for another country’s money
  4. 6. when country becomes an expert at producing a product
  5. 11. Barriers: ways of limiting trade by tariffs, quotas, or embargoes
  6. 13. resources: product of the earth that people use to meet their needs