US and Global Economics

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Across
  1. 6. Indirect costs like opportunity costs or forgone income from alternative uses of resources.
  2. 9. An economic system combining private and public enterprise.
  3. 13. These restrictions may be imposed in the name of national defense, to protect the jobs of workers, and to protect companies from competition
  4. 14. The central banking system of the United States that regulates monetary policy.
  5. 16. An economy based on customs, traditions, and barter, often found in rural or developing areas.
  6. 19. An economic system where prices are determined by supply and demand with minimal government intervention. Some of the other characteristics of a free market economy are private ownership of property and resources
  7. 21. Taxes imposed on imported goods to protect domestic industries or generate revenue.
  8. 22. The rise in the general level of prices, reducing purchasing power
Down
  1. 1. Direct monetary costs of operating a business, such as wages and rent.
  2. 2. A professional who studies and analyzes economic trends, policies, and systems.
  3. 3. An early economist that believed free market systems were the best way to organize the economy
  4. 4. The system of money used in a country or globally for trade.
  5. 5. Goods or services produced domestically and sold to other countries.
  6. 7. An economy where the government controls production, pricing, and distribution of goods.
  7. 8. Expenditures by the government on public services, infrastructure, and welfare programs.
  8. 10. The ability of individuals and businesses to make their own economic decisions, including trade and investments.
  9. 11. International relations and activities that impact the global economy.
  10. 12. When a country imports more goods and services than it exports, resulting in a negative balance.
  11. 15. This economist provided the ideology behind many command economies and thought that capitalist systems promoted inequality and divided society into two different classes
  12. 17. The goal of this trade agreement was to eliminate free trade barriers, promote fair competition, and increase investment opportunities among the three nations.
  13. 18. A decrease in the general price level of goods and services, often linked to reduced demand.
  14. 20. Goods or services purchased from other countries for domestic use.