Unit 7 Vocabulary Review

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Across
  1. 3. there are not enough resources to produce everything people want and need
  2. 7. most common economic system today; blending of market and command economies
  3. 8. the total value of all goods and services produced by a country in one year
  4. 9. level of wealth and material comfort available in a country
  5. 13. a person who takes the risk necessary to start a new business
  6. 15. the percentage of adults who can read and write
  7. 17. the factories, machines, technology, tools, equipment, and any other human-made goods used to make other goods and services
  8. 18. naturally-made items, such as trees and minerals
  9. 19. the talents, skills, and labor of people that can be used to produce goods and services
Down
  1. 1. economic system based on supply and demand; no government control
  2. 2. focusing on efficiently producing a limited number of goods and services
  3. 4. the value of what you have to give up in order to choose something else
  4. 5. how much one currency is worth in terms of the other
  5. 6. per person
  6. 10. a limit on the amount of a good that can be imported into a country
  7. 11. forbid or stop trade with another country
  8. 12. the type of money a country uses
  9. 14. economic system where the government makes all of the economic decisions
  10. 15. the ability to read and write
  11. 16. a tax placed on imported goods