Economic

Edit Answers
1234567891011121314151617181920212223
Across
  1. 1. An economic system in which individuals and businesses own resources and prices are determined by supply and demand
  2. 3. The central banking system of the United States that controls interest rates and the money supply
  3. 5. A tax placed on imported goods to protect domestic industries and raise government revenue
  4. 10. Money invested by individuals or companies in businesses located in another country
  5. 11. The total value of all goods and services produced within a country in one year
  6. 12. A situation in which a country sells more goods abroad than it buys from other nations
  7. 13. Goods and services produced domestically and sold to other countries
  8. 15. A sustained increase in the general price level of goods and services over time
  9. 18. The ability of a country to produce a good at a lower opportunity cost than another country
  10. 20. An international organization that provides loans and financial assistance to countries to promote economic stability
  11. 21. An economic system in which the government owns and controls most means of production
  12. 23. An economic system in which individuals and businesses make most economic decisions
Down
  1. 2. A situation in which a country buys more goods from other nations than it sells
  2. 4. The economic system used by the United States that combines free markets with government regulation
  3. 6. A trade agreement between the United States Canada and Mexico that reduced trade barriers
  4. 7. An economic system where customs and traditions determine how resources are used
  5. 8. Government rules designed to control business practices and protect consumers and workers
  6. 9. An international organization that sets rules for global trade and resolves trade disputes
  7. 14. A period of economic decline marked by falling output and rising unemployment
  8. 16. Goods and services purchased from other countries
  9. 17. Nations with economies that are still industrializing and growing
  10. 19. The movement of money between countries through trade investment and foreign aid
  11. 22. The idea that countries rely on one another through trade investment and production