Chapter 2 Vocabulary

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Across
  1. 4. Value of all final goods and services produced inside a country in a given period of time
  2. 5. A period of economic downturn for a period of six months
  3. 6. Prices go up
  4. 7. Protects a company's name and reputation
  5. 9. Government spends more than it gets in revenue
  6. 15. Exclusive right granted by the government to an inventor
  7. 16. The difference between the value of a country's imports and exports during a specific period of time
  8. 17. Exclusive right granted to an author
  9. 18. Tax on imports
  10. 21. Restricts imports and exports to and from a country
  11. 24. Exchange of goods and services among nations
  12. 25. Total amount of money in circulation
Down
  1. 1. When a country can produce more of a product than another country
  2. 2. Creations of the mind
  3. 3. Measures cost of a basket of goods and services for an urban family
  4. 6. Depend on each other
  5. 8. Prices go down
  6. 10. Low point in a business cycle
  7. 11. Measurements used to gauge a company's overall long-term performance
  8. 12. Ability of a country to produce a product more efficiently and at a lower opportunity cost than another country
  9. 13. Restriction on the quantity or value of goods that can be imported
  10. 14. Occurs when tasks are divided among different workers
  11. 19. Practice of using barriers to free trade
  12. 20. Government gets more revenue than it spends
  13. 22. A governing body or agency that sets policies for how businesses operate within their jurisdictions
  14. 23. Government has deemed it to be money or legal tender