9.2 Application

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Across
  1. 1. (Hint - The process of interaction and integration among people, companies, and governments worldwide.)
  2. 3. (Hint - A market structure where many firms sell identical products.)
  3. 4. (Gross Domestic Product) (Hint - The total value of goods and services produced within a country's borders in a specific time period.)
  4. 5. (Hint - The general increase in prices over time.)
  5. 7. (Hint - Government regulation of prices.)
  6. 11. (Hint - A country that avoids economic and political interactions with other countries.)
  7. 13. (World Trade Organization) (Hint - An international organization that promotes global trade.)
  8. 16. (Hint - An economic system based on private ownership of resources and competition.)
  9. 17. (Gross National Product) (Hint - The total value of goods and services produced by a country's citizens, regardless of where they are located.)
  10. 18. (Hint - A situation where a country imports more than it exports.)
  11. 19. (Hint - A group of countries that have reduced or eliminated trade barriers between themselves.)
  12. 21. (Hint - A reduction in the value of a currency.)
  13. 22. (Hint - A pact between two or more nations to reduce trade barriers.)
  14. 25. (Hint - An economic system where the government controls the production and distribution of goods.)
  15. 26. (Hint - A common currency used by multiple European countries.)
  16. 27. (Hint - A tax on imported goods.)
  17. 29. (Hint - A situation where a country exports more goods and services than it imports.)
  18. 30. (Hint - A limit on the quantity of a particular good that can be imported or exported during a specified period.)
  19. 31. (International Monetary Fund) (Hint - An organization that provides financial assistance and advice to countries.)
Down
  1. 2. (Hint - A country heavily involved in international trade.)
  2. 6. (Hint - An economic system where resources are owned and controlled by the state.)
  3. 8. (Hint - The value of one currency in relation to another.)
  4. 9. (Hint - The exchange of goods and services between countries without barriers.)
  5. 10. (Hint - The study of how individuals and societies allocate resources.)
  6. 12. (Hint - Government regulations on the buying and selling of currency.)
  7. 14. (Hint - A set value for a country's currency in terms of another currency.)
  8. 15. (Hint - The difference between a country's exports and imports of goods.)
  9. 20. (North American Free Trade Agreement) (Hint - A trade agreement between the US, Canada, and Mexico.)
  10. 23. (Hint - A limit on the quantity of a specific good that can be imported.)
  11. 24. (Hint - A period of declining economic activity.)
  12. 25. (Hint - An economic system where the government makes all economic decisions.)
  13. 28. (Hint - An economic system where prices are determined by supply and demand.)