Economics Vocabulary Review

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Across
  1. 2. a measure of production of goods and services that indicates a nation's wealth (GDP for short)
  2. 4. government spending on factories,equipment, etc. to improve production is this type of investment
  3. 5. type of economy that allows the government to make all production and pricing decisions
  4. 6. type of economy that allows businesses and consumers to determine what is produced without government involvement
  5. 8. a measure of the relative freedom of a nation's economy
  6. 11. government spending on education, job training, etc. to improve the workforce is this type of investment
  7. 12. measures that restricts international trade
  8. 15. type of economy that allows what has always been done to dictate what is produced and by whom
  9. 16. when one country produces goods that they can produce more efficiently than another country
Down
  1. 1. the number of people over age 15 who can read and write
  2. 3. the amount of wealth and goods available to citizens
  3. 7. changing money to allow for trade between countries
  4. 9. a limit on imported goods
  5. 10. a complete stop of trade with a country
  6. 13. type of economy that allows businesses and consumers to deter mine what is produced but government regulates some industries
  7. 14. a tax on imported goods