Economics

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Across
  1. 1. Book written by Adam Smith suggesting that economic freedom would lead to successful and wealthy nations
  2. 3. 1. What goods and services should be produced? 2. How should they be produced? 3. For whom should they be produced?
  3. 5. Combines the competition, self-interest, and profit motive of free market economies with the government regulation and restrictions of command economies.
  4. 7. Free trade agreement with the goal to eliminate free trade barriers, promote fair competition, and increase investment opportunities among the US, Canada, and Mexico.
  5. 8. an economic system that is centrally controlled by a powerful government.
  6. 10. An early economist who believed that the free market system was the best way to organize the economy.
Down
  1. 2. Based on customs and historical precedent
  2. 4. the ____ _____ ______ helps administer free trade agreements by handling various disputes and providing a forum for member nations to negotiate
  3. 6. Individuals in this economic system are able to decide what goods and services should be produced, how they should be produced, and for whom they are produced.
  4. 9. An individual’s right to answer the three basic economic questions without interference from the government