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Across
  1. 3. Currency used by most of the European Union
  2. 4. Economic system based on private ownership and free markets
  3. 7. Economic system where the government makes all economic decisions
  4. 8. The total value of all goods and services a country produces in a year
  5. 10. When a country buys more from abroad than it sells
  6. 11. Economic system mixing government control and free markets
  7. 12. Agreement between countries to reduce trade barriers
  8. 14. A limit on the amount of a good that can be imported
Down
  1. 1. Economic system where the government owns and controls all production
  2. 2. The idea that countries should produce goods they can make most efficiently
  3. 5. Economic system where tradition and customs guide production
  4. 6. The global system connecting economies through trade and investment
  5. 9. A tax placed on imported goods to make them more expensive
  6. 10. When a country sells more goods abroad than it buys
  7. 13. Organization that oversees global trade rules between nations