LESSON 1 Scarcity and the Science of Economics Essential

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Across
  1. 1. of people per square mile of land area
  2. 4. in 1993 by the Maastricht Treaty, its 28 member countries make it the largest single unified market in the world in terms of population and output
  3. 6. restructuring of the Soviet economy; policy introduced by Gorbachev
  4. 7. centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
  5. 10. that could be used to purchase government-owned property during privatization
  6. 14. Polish labor union founded in 1980 by Lech Walesa
  7. 17. Plan
  8. 18. in which goods and services are sold illegally
Down
  1. 2. Union (EU)
  2. 3. second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
  3. 5. of state-owned factories and other property to private ownership
  4. 8. domestic product on a per person basis; can be expressed in current or constant dollars
  5. 9. large amounts of capital in relation to labor.
  6. 11. formal pledge or promise to do something.
  7. 12. owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  8. 13. planning authority in the former Soviet Union that devised and directed Five-Year Plans
  9. 15. of an economy, or part of an economy, from private ownership to government ownership
  10. 16. common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing