Economics Vocabulary

3. buying and selling goods and services
5. money used to exchange goods and services
7. to produce, consume, and trade goods and services
9. when the effects of an economic event affect something unrelated to the event
11. goods and services leaving the country
14. an economy based on customs, habits, family, religion, and tradition
15. buys goods and services to use
16. a tax put on on an import or export
17. a combination of command and market economies

1. the number limit of items in a trade exchange
2. makes goods and services to sell
4. goods and services entering the country
6. when something else is affected by the production and consumption of goods and services
8. an economy where the producers and consumers make the decisions
10. to stop trading goods and services with another country
12. the total value of goods and services produced in a country during a year
13. an economy where the government makes all economic decisions