Ch. 17

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Across
  1. 2. A period of general growth in a nation's economy
  2. 6. Government’s taxing and spending decisions
  3. 8. A deep, extended decline in a nation's economy
  4. 9. Limiting international trade to protect the nations own self-interest
  5. 10. Organization of European countries that have agreed to economic and political cooperation among member nations
  6. 11. Government’s efforts to help stabilize the economy by managing interest rates, the availability of loans, and the supply of money
  7. 12. Agreement among the U.S., Canada, and Mexico to gradually eliminate tariffs on most goods produced and sold in North America
  8. 19. A country's ability to produce a product at a lower cost than any other nation
  9. 21. The current value of all goods and services produced in a country in a year
  10. 24. A system that determines exchange rates in which the price of a country's currency rises and falls in relation to world demand for that currency
  11. 25. A limit on the amount of a product that can be imported
Down
  1. 1. A country's production of a product that makes the most efficient use of the resources it has
  2. 3. the result when a country earns more from exports than it spends on imports
  3. 4. Percentage of people who are able and looking for work but don't have jobs
  4. 5. The value of all goods and services produced in a country in a year, adjusted for inflation
  5. 7. The value of all of a nation's exports minus the value of all of its imports
  6. 13. A business that is based in one country but has branches or plants in other countries
  7. 14. The price of one currency in terms of another currency
  8. 15. A period of general decline in a nation's economy
  9. 16. a good or service that one country sells to another country
  10. 17. Taxes imposed on imported goods (also known as customs duties)
  11. 18. Recurring pattern of ups and downs in a nation's business activity
  12. 20. A common measure of inflation that tracks monthly changes in the price of 400 goods and services that people buy regularly
  13. 22. the result when a country spends more on imports than it earns from exports
  14. 23. a good or service that one country buys from another country