Economics

3. – The process of countries becoming more connected through culture and trade.
7. – Economic system where individuals and businesses own most resources.
9. – Gross Domestic Product.
10. – Using money today to earn future benefits.
14. – A trade restriction that blocks trade with a country.
15. – A business that operates in many countries.
16. – Exchange of goods and services using money.
17. The value of the next best alternative given up when making a choice.
19. – Organization that funds development projects in developing nations.
20. – Something of economic value that a person or company owns.

1. – Limited resources and unlimited wants.
2. Trading goods or services without using money.
4. – Organization that provides emergency loans to countries in financial trouble.
5. – Industry level that includes farming, fishing, and mining.
6. – A country with a lower standard of living and less productive economy.
8. – Payment made by a borrower to a lender.
11. Government goods and services available for everyone to use.
12. – A country with a strong economy and high quality of life.
13. – Economic system in which the government controls production and distribution.
18. – A tax placed on imported goods.