Unit 6 vocabulary review

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Across
  1. 2. An individual, company, or country relies on others for the goods and services they need.
  2. 3. An increase in the value of a currency that makes imports less expensive and exports more expensive.
  3. 5. Restraining trade to help domestic industries compete against foreign ones.
  4. 6. An item that maintains its purchasing power over time.
  5. 8. Easily broken down into smaller units to allow transactions of various sizes.
  6. 11. When a country imports a higher total value of goods and services than it exports.
  7. 13. Breaking a large job into separate, smaller tasks performed by different workers.
  8. 14. A tax imposed by a government on imported goods.
  9. 18. The ability to produce a good or service at a lower opportunity cost.
  10. 19. The difference in value between a country's total exports and its total imports.
  11. 20. When the value of a country's exports exceeds the value of its imports.
  12. 21. A limit on the quantity of a specific good that can be brought into a country.
Down
  1. 1. Something accepted by buyers and sellers for the purchase of goods or services.
  2. 4. The amount of goods or services produced with a certain amount of inputs.
  3. 5. Can be easily carried and transported from one place to another for transactions.
  4. 7. It allows goods and services to travel across borders without government restrictions.
  5. 9. An individual, company, or country focuses on performing a particular job or task.
  6. 10. The price of one nation's currency expressed in terms of another nation's currency.
  7. 12. The ability to produce more of a good or service than competitors.
  8. 15. A characteristic that means people will exchange it for goods and services because they trust its value.
  9. 16. A decrease in the value of one currency relative to another that makes imports more expensive.
  10. 17. A complete ban on trade with a particular country.