Mod9Top1 Economic Systems

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Across
  1. 3. A measure of the total value of goods and services produced within a country each year
  2. 4. The process of countries becoming more connected through trade communication and economic activity
  3. 5. Another term for the U.S. economic system based on competition and private ownership
  4. 8. Goods sold to other countries
  5. 10. A free trade agreement between the U.S. Canada and Mexico
  6. 14. An economy where supply and demand determine prices and production
  7. 15. The economic system used in the United States where individuals own businesses and compete in markets
  8. 16. The economic system combining market forces and government involvement
  9. 17. When countries rely on each other for goods services and resources
  10. 19. When a nation focuses on producing goods it can make efficiently increasing global trade
Down
  1. 1. A general rise in prices over time
  2. 2. The next best alternative given up when making a choice
  3. 6. A tax placed on imported goods to protect domestic industries
  4. 7. An economic system where the government controls major economic decisions
  5. 9. When U.S. companies hire foreign workers to reduce costs
  6. 11. When a nation imports more goods than it exports
  7. 12. Goods brought into a country from abroad
  8. 13. The basic economic problem that resources are limited but wants are unlimited
  9. 18. A government order that restricts or stops trade with another nation