Across
- 4. he provided the ideology behind many command economies
- 8. national government under both Democratic and Republican leadership have worked to reduce barriers to?
- 10. President Trump’s administration has signaled a ______ from the free trade policies of the past few decades.
- 11. this economy combines the competition, self-interest, and profit motive of free market economies with the government regulation and restrictions of command economies.
- 12. a term Smith used to describe the influence of competition and self-interest on the economy
- 14. created a free trade zone in Canada, Mexico, and the United States.
- 15. popular country who serves as an example of a mixed economy
- 16. Individuals in this economic system are able to decide what goods and services should be produced
- 18. ________ jobs that existed in the United States 50 to 60 years ago have been moved to other countries by businesses in search of cheaper labor
- 20. Trump specifically described NAFTA as a _____ for American workers
Down
- 1. this country is a modern example of a command economy.
- 2. This push toward greater international trade has not been ______ supported
- 3. This term refers to an individual’s right to answer the three basic economic questions without interference from the government.
- 5. Many governments implement restrictions on trade. These restrictions may be imposed in the name of ________.
- 6. an economic system that is centrally controlled by a powerful government.
- 7. an early economist who believed that the free market system was the best way to organize the economy.
- 9. economy based on customs and historical precedent
- 13. helps administer free trade agreements by handling various disputes and providing a forum for member nations to negotiate.
- 17. Most economists maintain that free trade is generally positive for the nations involved many governments implement _______ on trade.
- 19. ______ increases the material standards of living worldwide.