Across
- 6. / item we would like to have but is not necessary for survival
- 8. / choose one action or course over another gives up opportunities
- 12. / Nation's GDP divided by it population
- 13. / Gross Domestic Product total dollar value of goods produced in a country
- 15. / not enough resources to meet needs and wants
- 16. / economic system where decisions are made on customs. traditions, and beliefs of the past
- 18. / economic system where the central authority makes all the decisions government control
- 22. / economic system where the central government own factories, farms, and offices
- 23. / nations with few industries and simple technology
- 24. / economic system with a system of markets where the government plays an important role
- 26. / central banking system of the United States that manages growth of the economy
Down
- 1. / People who buy and use products
- 2. / nations with many industries and advanced technology
- 3. / combination of skills, education, and experiences that determines your value as a worker
- 4. / general rise in prices-money is worth less
- 5. / government leaving the economy alone (hands off approach
- 7. / taxes on imported goods
- 9. / amount of goods available in the market place
- 10. / what is given up to chose another option
- 11. / a region where a group of countries agree to reduce or eliminate tariffs
- 14. / owner and workers
- 17. / economic system where individuals own most business
- 19. / items like air, food, and shelter necessary to live
- 20. / economic system where the buyers and sellers make the economic decisions
- 21. / a method used by a society to produce and distribute goods and services
- 25. / spending your money on something that may grow in value