Unit 5 - SWA Economies: Vocab Quiz #1 (11/2/2022)

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Across
  1. 2. people produce only what they need to survive by farming, hunting, or gathering
  2. 4. within or inside a country
  3. 6. selling and shipping goods to another country
  4. 7. when trade with a country is forbidden completely
  5. 9. from outside a country (from another country)
  6. 12. the state of being short in supply
  7. 16. the government controls all factors of the economy market economy, economic decisions are based on what people want to sell and buy (supply and demand)
  8. 17. an economy that falls somewhere in between a pure market and pure command economy
  9. 18. money given by the government to a domestic industry/business so that the price of a good or service can compete with imported goods
  10. 19. a restriction on the amount of an imported good
  11. 20. economic decisions are based on what people want to sell and buy (supply and demand)
Down
  1. 1. to put money into something in hopes of making a greater profit
  2. 3. buying and shipping goods from another country
  3. 5. an obstacle introduced to reduce trade - usually to make a political statement or to protect domestic industries from foreign competition
  4. 6. the range of economies from pure market systems to pure command systems
  5. 8. economic punishments forced on a country to achieve a political goal
  6. 10. the development of an increasingly worldwide economy in which countries depend on one another for economic growth
  7. 11. the ability of people in a society to make economic decisions actions
  8. 13. choosing one specific skill or product to pursue over others
  9. 14. refers to factors that involve money, business, and/or trade
  10. 15. a tax on imported goods