Across
- 1. Domestic Product: (GDP) the total value of all goods and services produced in a country for a period of one year.
- 4. capital: investing in factories, machinery, technology (things you can touch)
- 7. Zone: an area where there are no tariffs among participating countries. Example: European Union and USMCA
- 8. capital: investing in education, training, knowledge, skills
- 9. a set limit on goods produced
- 10. rate: the percentage of people over 16 that can read and write
- 12. someone that takes a risk to start a business
- 14. United States, Mexico, and Canada Agreement which promotes free trade among countries
- 15. a tax on imported goods
Down
- 2. of living: economic level of a country based on literacy rate and GDP. (how much money you make and how much stuff you got!)
- 3. stoppage or refusal to trade with other countries
- 5. Exchange: exchanging your money in for another country’s money
- 6. when country becomes an expert at producing a product
- 11. Barriers: ways of limiting trade by tariffs, quotas, or embargoes
- 13. resources: product of the earth that people use to meet their needs